Success Universe Expects Loss in First Half of 2024

Success Universe Group Limited (HK:0487) has released an update.

Success Universe Group Limited has issued a profit warning, alerting shareholders and potential investors that it expects to post an unaudited consolidated loss of HK$30 million to HK$50 million for the first half of 2024. This anticipated loss contrasts starkly with the HK$153.8 million profit from the same period last year, mainly due to unrealized fair value losses on overseas equity securities and investment properties, as well as impairment losses on other assets. The company advises caution when dealing in its shares and notes that these figures are based on preliminary assessments and subject to review.

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