Pico Far East Holdings (HK:0752) has released an update.
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Pico Far East Holdings Limited has issued a positive profit alert, indicating an expected 80% to 90% increase in unaudited profit for the six months ended April 30, 2024, compared to the same period last year. This substantial rise is largely due to a profitable disposal of an associate’s interest and a 15% to 20% growth in revenue across various markets. Shareholders and potential investors are advised to await the finalized results, to be announced on June 28, 2024, before trading.
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