ORIENTAL EXPL announced a positive profit alert, expecting the interim consolidated profit before tax to grow to approximately HKD 4.8 million to HKD 5.3 million
ORIENTAL EXPL expects that the consolidated profit before tax will grow to approximately HKD 4.8 million to 5.3 million within the six months ending June 30, 2025, a significant improvement compared to HKD 3.3 million in the same period of 2024. The improvement in financial performance is mainly attributed to the low level of Hong Kong Interbank Offered Rate (HIBOR), which has reduced financing costs
According to the Zhitong Finance APP, ORIENTAL EXPL (00430) announced that it expects the group to achieve a consolidated profit before tax of approximately HKD 4.8 million to HKD 5.3 million for the six months ending June 30, 2025, compared to a consolidated profit before tax of approximately HKD 3.3 million for the six months ending June 30, 2024.
The significant improvement in the group's financial performance during this period is mainly due to the relatively low level of the Hong Kong Interbank Offered Rate (HIBOR), which has led to a decrease in financing costs
