F8 Enterprises (08347) announces the expected mid-term profit of around 1.5 million to 2.5 million Hong Kong dollars, turning losses into profits year-on-year.

F8 Enterprises (08347) announced that it is expected to achieve a net profit of approximately HK$1.5 million to HK$2.5 million in the second quarter of 2024, while the net loss for the six months ended September 30, 2023 is estimated to be approximately HK$2.4 million. The announcement stated that the group's net profit is mainly attributed to the increase in diesel sales and transportation business in the second quarter of 2024; increase in other income and gains in the second quarter of 2024; and reduction in other operating expenses in the second quarter of 2024.