The latest update is out from Tycoon Group Holdings Limited ( (HK:3390) ).
Tycoon Group Holdings Limited announced a significant decrease in profit before tax and overall profit for the fiscal year ending December 31, 2024, compared to the previous year. This decline is attributed to the absence of gains from previous asset disposals, the impact of a reduced stake in Combo Win Asia Limited, and increased share-based payment expenses. The company expects a profit before tax of no more than HK$7.0 million, reflecting a decrease of over 95% in annual profit, and advises caution to shareholders and investors as final results are yet to be audited.
More about Tycoon Group Holdings Limited
Tycoon Group Holdings Limited, incorporated in the Cayman Islands, operates within the financial sector and is listed on the Hong Kong Stock Exchange. The company, along with its subsidiaries, is involved in various financial activities, although specific products or services are not detailed in the release.
YTD Price Performance: 4.89%
Average Trading Volume: 584,421
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$2.92B
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