Edvance Anticipates Profitable Turnaround in FY2024

Edvance International Holdings Ltd. (HK:1410) has released an update.

Edvance International Holdings Ltd. expects to report a significant financial turnaround with a projected net profit of HK$25.0 million to HK$30.5 million for the fiscal year 2024, after having incurred a net loss of approximately HK$27.5 million in the previous year. This positive shift is largely due to a fair value gain on financial assets, contrasting with last year’s fair value loss. Shareholders and potential investors are advised to await the finalized annual results due for release on June 24, 2024, and to exercise caution when dealing in the company’s shares.

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