First Shanghai Investments Anticipates Major Profit

First Shanghai Investments Limited (HK:0227) has released an update.

First Shanghai Investments Limited has issued a positive profit alert, expecting a profit of at least HK$60 million for the first half of 2024, marking a significant improvement from the loss in the same period of 2023. The anticipated profit is largely due to a gain from the sale of a subsidiary’s equity interest. Investors are advised to await the official interim results announcement, to be released before the end of August 2024, and to exercise caution when trading shares.

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