ELIFE Holdings (00223) announces profit, expecting a mid-term net profit attributable to shareholders of around HK$4.4 million.

ELIFE HLDGS (00223) announced that the group is expected to achieve a profit of approximately 4.4 million Hong Kong dollars attributable to the company owners for the six months ending September 30, 2025, compared to a loss of approximately 69.9 million Hong Kong dollars for the six months ending September 30, 2024. The turnaround from loss to profit in this period is mainly attributed to: (i) a one-off loss of approximately 40.7 million Hong Kong dollars recognized in the previous period for the sale of Admiral Glory Global Limited, which is of a non-recurring nature; (ii) due to management's efforts to improve the collection of trade receivables, a net reversal of expected credit loss allowances for trade and other receivables in this period resulted in a net income of approximately 7.3 million Hong Kong dollars, while in the previous period, a net loss of approximately 20.3 million Hong Kong dollars was incurred from expected credit loss allowances. Additionally, despite the profit attributable to the company owners turning around from loss to profit, the group's income decreased from approximately 1.195 billion Hong Kong dollars in the previous period to approximately 609 million Hong Kong dollars in this period, mainly due to the suspension of trading in the company's shares and resources being focused on resuming trading, leading to a decrease in revenue from the supply chain business.