Momentum Financial Holdings Limited provided earnings guidance for the six months ended June 30, 2021. The Group is expected to record a consolidated net profit for the Period of approximately HKD 17 million, representing a turnaround improvement as compared to a consolidated net loss of approximately HKD 8 million for the corresponding period in 2020. Such anticipated turnaround was mainly attributable to (i) the increase in gross profit by approximately HKD 22 million due to the expansion of the business of cross- border trading of nutrition food and health care products; and (ii) the decrease in administrative expenses and other expenses by approximately HKD 3 million due to the cost saving measures during the Period.