Blue River Holdings (00498.HK): Expects to Turn Loss Into Profit for the Year, Recording Profit of Approximately HK$51 Million

NewTimeSpace News: On 6 July 2026, Blue River Holdings (00498.HK) issued a positive profit forecast. It is expected that the Group will record a profit attributable to owners of the company of approximately HK$51 million for the current year, versus a loss of approximately HK$177 million in the corresponding period of last year.

The turnaround from loss to profit is mainly benefited from the following aspects: the share of results of associates changed from a net loss of HK$93 million to a net income of approximately HK$59 million; other losses were reduced from approximately HK$37 million to HK$400,000; write-back of approximately HK$20 million of impairment losses on receivables recoverable from former subsidiaries under liquidation; administrative expenses dropped from approximately HK$45 million to HK$38 million; and there was no longer a loss of approximately HK$4 million arising from fair value changes of investment properties.

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