STERLING GP (01825) expects the interim results to turn a year-on-year loss into a profit of not less than HK$3 million

According to the Zhitong Finance App, STERLING GP (01825) announced that the group expects a net profit of not less than HK$3 million for the six months ending September 30, 2024, and a net loss of about HK$8 million for the same period in 2023.

According to the announcement, the expected net profit is mainly due to a reduction of no less than HK$9.9 million in anticipated credit loss provisions confirmed by trade and other accounts receivable, and the Group's improved cost control and production and operation efficiency during this period, which increased gross margin.