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According to the Zhitong Finance App, Elite Exchange Group (01775.HK) announced that it is estimated that the unaudited comprehensive profit due to the company owner for the ten months ending May 31, 2026 is about HK$12.9 million. The loss due to company owners for the same period in 2025 is about HK$11.2 million, successfully turning a loss into a profit, with an improvement of about HK$24.1 million. Losses for the same period in 2025 were mainly due to (i) the Group's significant expansion of professional teaching and administration teams to enhance educational quality and operational capacity, leading to higher employee-related costs; (ii) significant investment in research and development of specialized courses and learning materials customized for international courses and assessments to ensure academic excellence and competitive advantage; (iii) huge expenses generated by targeted marketing aimed at strengthening the brand and further entering the mainland China market; and (iv) loss of financial assets recorded at fair values for profit and loss.
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According to the Zhitong Finance App, Elite Exchange Group (01775.HK) announced that it is estimated that the unaudited comprehensive profit due to the company owner for the ten months ending May 31, 2026 is about HK$12.9 million. The loss due to company owners for the same period in 2025 is about HK$11.2 million, successfully turning a loss into a profit, with an improvement of about HK$24.1 million. Losses for the same period in 2025 were mainly due to (i) the Group's significant expansion of professional teaching and administration teams to enhance educational quality and operational capacity, leading to higher employee-related costs; (ii) significant investment in research and development of specialized courses and learning materials customized for international courses and assessments to ensure academic excellence and competitive advantage; (iii) huge expenses generated by targeted marketing aimed at strengthening the brand and further entering the mainland China market; and (iv) loss of financial assets recorded at fair values for profit and loss.
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