CHINA ECOTOUR (01371) has announced a positive earnings update, revealing its projected financial performance for the fiscal year ending June 30, 2026. The company anticipates recording a profit attributable to shareholders ranging between approximately HK$95 million and HK$105 million, marking a significant turnaround from the previous year's loss of around HK$72.4 million.
According to the company's board, this expected shift from loss to profitability is primarily driven by a one-off gain of approximately HK$182.4 million. This substantial gain was recognized in connection with the cancellation of financial liabilities resulting from the issuance of planned shares during the fiscal year under review.
The projected profit figures represent a remarkable recovery for the company, signaling a fresh chapter of growth. Management's outlook reflects improved financial discipline and a strategic focus on stabilizing operations amid evolving market conditions.