AV CONCEPT HOLD (00595) has announced that it is expected that the mid-term shareholders' share of the increase in consolidated profit will be at least 70%.

AV CONCEPT HOLD (00595) announced that the Group expects a growth of not less than 70% in the consolidated profit attributable to owners of the company for the six months ending on September 30, 2024 compared to the six months ending on September 30, 2023, which was approximately HK$31.6 million. The expected increase is mainly attributed to: an increase in the share of profits from associated companies compared to the six months ending on September 30, 2023, mainly due to improved performance of the associated companies during this period; and net fair value gains from financial assets recorded at fair value through profit or loss for the current period, whereas there were net fair value losses from financial assets recorded at fair value through profit or loss for the six months ending on September 30, 2023.