New Huo Technology Holdings Limited (HK:1611) has released an update.
Sinohope Technology Holdings Limited has issued a positive profit alert, anticipating a net profit of no less than HK$80 million for the first half of 2024, a significant turnaround from a net loss of HK$232.4 million in the same period of the previous year. The improvement is attributed to a gain on reversal of impairment, reduced administrative expenses, an increase in gross profit due to business strategy adjustments, and fair value gains on cryptocurrencies. Shareholders and potential investors are cautioned to exercise prudence when dealing in the company’s shares as the interim results are still being finalized.
For further insights into HK:1611 stock, check out TipRanks’ Stock Analysis page.
