Fulum announces positive profit alert and Expects to turn around from loss by recording up to 22 million in profit of FY2023

HONG KONG SAR – Media OutReach – 19 June 2023 – Fulum Group Holdings Restricted (HKEx inventory code: 1443, the “Group” or “Fulum”) is happy to introduced that, the Group is anticipated to file a web revenue of roughly starting from HK$19 million to HK$22 million for the 12 months ended 31 March 2023 (the “FY2023”), as in comparison with a lack of roughly HK$49 million within the earlier 12 months, turning round type loss to revenue.

The Group said that there was an enchancment within the Group’s outcomes for FY2023 with the Authorities’s subsidies by way of the “2022 Employment Help Scheme” in addition to the gradual restoration of financial actions because the native and international pandemic started to subside. Additional into the second half of 12 months, the complete border reopening between Hong Kong and mainland China in February 2023 in addition to the lifting of Hong Kong’s masks mandate in March 2023 have additionally introduced a constructive impact to our enterprise situations.

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The issuer is solely accountable for the content material of this announcement.

About Fulum Group Holdings Restricted

Fulum Group Holdings Restricted, a well known diversified catering group in Hong Kong, has greater than 30 years of expertise in Chinese language or Cantonese catering administration. Via the “Fulum(富臨)” fundamental model, the “Sportful Backyard (陶源)” fundamental model and the “Idea Line (概念線)” fundamental line, the Group offers all types of catering providers and create a full-time catering eco-system with an goal to fulfill the catering wants of diners.

As at 30 September 2022, the Group operated a complete of 96 eating places in Hong Kong, together with 16 eating places beneath the “Fulum (富臨)” fundamental model, 7 eating places beneath the “Sportful Backyard (陶源)” fundamental model, 73 eating places beneath the “Idea Line (概念線)” fundamental line in addition to 7 supermarkets and three eating places within the Mainland China. Within the latest years, the Group has launched diversified eating places together with Korean mild meal eating places, Korean barbecue eating places, Japanese scorching pot, trendy Korean and Japanese cafe and meals courts. The Group established a lot of meals courtroom manufacturers to develop its income and market share with new enterprise mannequin for the latest years.