New Focus Technology (01063.HK) announces profit growth, expecting a net profit of approximately 21 million Hong Kong dollars in the medium term, turning losses into profits year-on-year.

Quamnet News reports that Xinqu Technology (01063.HK) has announced that it is expecting a net profit of approximately 21 million Hong Kong dollars for the six-month period ending June 30, 2025, compared to a net loss of approximately 39 million Hong Kong dollars in the same period last year. The expected profit is mainly due to unrealized gains of approximately 20 million Hong Kong dollars from financial assets measured at fair value through profit or loss.