Brief: Edvance International Expects FY2022 Net Profit Attributable To Drop About 34%

Edvance International Holdings

09/06/2022 10:06

June 9 (Reuters) - Edvance International Holdings Ltd
 1410.HK :
    * SEES DECREASE IN NET PROFIT ATTRIBUTABLE OF APPROXIMATELY
34%
FOR FY2022
    * EXPECTED RESULT DUE TO FAIR VALUE GAIN OF INVESTMENT IN
HKBITEX
WAS REDUCED TO HK$14.6 MILLION AS AT 31 MARCH 2022, AMONG OTHERS
    * INCREASE IN GENERAL OPERATING OVERHEADS RESULTED IN
DECREASE OF
NET PROFIT FOR FY22

Further company coverage:  1410.HK 

 ((Reuters.Briefs@thomsonreuters.com;))