"Profit Alert" ELIFE HLDGS forecasts a turnaround, earning 4.4 million yuan in the first half of the year

ELIFE HLDGS (00223.HK) issued a profit warning, expecting a profit of approximately HKD 4.4 million for the six months ending in September, compared to a loss of HKD 69.9 million in the same period last year. The turnaround from loss to profit is mainly due to a loss of approximately HKD 40.7 million recorded from sales in the same period last year; and a net gain of approximately HKD 7.3 million from the reversal of expected credit loss provisions for trade and other receivables during this period