Xinxiang Era (08519) announces profit and joy, expecting an annual comprehensive surplus of approximately 3.5 million Hong Kong dollars, turning losses into profits year-on-year.

Xinxiang Era (08519) announced that it is expected to record a consolidated comprehensive profit of approximately 3.5 million Hong Kong dollars for the year ending December 31, 2025, while a consolidated comprehensive loss of approximately 8.5 million Hong Kong dollars was recorded for the year ending December 31, 2024. The expected turnaround from loss to profit is mainly attributed to: 1. a reduction in raw materials and consumables, employee costs, depreciation, and other operating expenses by approximately 45 million Hong Kong dollars (offsetting a decrease in revenue of 38 million Hong Kong dollars due to the closure of restaurants); and 2. a decrease in impairment losses on property, plant and equipment, and intangible assets of approximately 2.3 million Hong Kong dollars.