According to the announcement from TAK LEE MACH (02102), the group expects that the net profit for the year ending July 31, 2025, will increase by approximately 250% to 300% compared to the net profit for the year ending July 31, 2024.

The board believes that this increase is mainly due to (i) the demand generated by several development projects and railway projects implemented by the Hong Kong Special Administrative Region government, as well as the expansion of landfill projects, which has driven an increase in the sales and leasing of heavy equipment; and (ii) for the year ending July 31, 2025, the expected credit loss provisions for trade and lease receivables are expected to be reversed due to a decrease in the carrying amount of trade and lease receivables and an improvement in the recovery rate (2024: expected credit loss provision of approximately HKD 3.2 million, mainly due to the consideration of the economic conditions of the expected collection period of receivables and the payment history of customers, leading to an increase in credit risk and expected default risk, resulting in an increase in expected credit loss provisions)