China Environmental Resources (01130) Fa Ying Guang expects the annual comprehensive loss to be reduced by no less than 80% year on year

Zhitong Finance App News, China Environmental Resources (01130) announced that the Group's unaudited consolidated loss for the year ended June 30, 2026 will be reduced by no less than 80% compared with the loss of about HK$42.9 million for the same period in 2025.

The Board considers that the reduction in losses was due to the combined effects of the following factors for the year ended June 30, 2026: (i) both revenue and gross profit increased to approximately HK$148 million and approximately HK$23.4 million respectively; (ii) other revenue, income and loss increased to approximately HK$12.9 million; (iii) administrative and operating expenses reduced to approximately HK$32.2 million; (iv) increase in fair value income from investment properties to approximately HK$22.7 million; (v) loss from fair value of biological assets reduced cost of sale by about 8 to 8 HK$600,000 ;( vi) The net income from changes in the fair value of investments recorded at fair value was reduced to approximately HK$300,000; (vii) the provision for impairment loss of receivables was increased to approximately HK$8.8 million; (viii) the provision for impairment loss on repayable collateral was increased to approximately HK$11 million; and (ix) the income tax credit was reduced to approximately HK$1.8 million.