ELIFE Holdings (00223) announced a profit, with an estimated annual profit attributable to shareholders of approximately HK$1.8 million.

ELIFE HLDGS (00223) announced that the group is expected to achieve a profit attributable to owners of the company of approximately HK$1.8 million for the year ending on March 31, 2026, compared to a loss attributable to owners of the company of approximately HK$97.8 million for the previous period. The turnaround from a loss to a profit for this period is mainly attributed to: (i) a one-off loss of approximately HK$40.7 million 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 and other receivables, the net gain of approximately HK$17 million is expected to be achieved for this period from expected credit losses on trade and other receivables, while a net loss of approximately HK$32.5 million was recorded in the previous period for expected credit losses on trade and other receivables.