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02/06/2021 14:56

Alpha Pro (00948) expects decrease in year loss

[ET Net News Agency, 2 June 2021] Alpha Professional Holdings Limited (00948) said the
group expects to record a loss for the year ranging from approximately HK$13 million to
approximately HK$18 million for the year ended 31 March 2021, representing a substantial
reduction in loss as compared with the loss of approximately HK$88.6 million for the year
ended 31 March 2020.
The substantial reduction in loss was primarily attributable to (i) absence of the
one-off loss from discontinued operation of the group's biological business of
approximately HK$56.5 million (which included a loss on disposal of Great Empire
International Group Limited amounting to approximately HK$54.2 million) recorded for the
year ended 31 March 2020, which was non-recurring; and (ii) the expected reduction in loss
from continuing operations of the group for the year ended 31 March 2021 as compared to
the previous year. (RC)

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