Future World Holdings Predicts Major Profit Surge

Future World Holdings Limited (HK:0572) has released an update.

Future World Holdings Limited anticipates a significant financial turnaround with an expected profit of HK$13 million for the first half of 2024, in stark contrast to the HK$61 million loss reported in the same period of the previous year. This positive shift is attributed to a substantial increase in credit loss allowance reversals and gains in the fair value of financial assets. Investors are urged to exercise caution and await the official interim results announcement due by the end of August 2024.

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