Elife Holdings (HKG:0223) expects an increase in loss of about HK$48.8 million for the six months ended Sept. 30, compared with that of the corresponding period of the previous year, according to a Friday filing with the Hong Kong bourse.
The company attributed the expected increase in loss to a one-off net loss of about HK$40.6 million due to the company's disposal of 51.2% equity in Admiral Glory Global, decreased gross profit margin for promotion, and increased sales expenses for the Group's supply chain development.
The supply chain business for branded goods and consumer products plans to publish their interim results on Nov. 29.
The company's shares were up almost 11% at the close of trade.
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