Wise Ally Expects Profitable Turnaround in 2024

Wise Ally International Holdings Limited (HK:9918) has released an update.

Wise Ally International Holdings Limited has announced a positive profit outlook, expecting a net profit of at least HK$10.0 million for the first half of 2024, a significant turnaround from a net loss in the same period the previous year. This improvement is largely due to a rise in revenue and gross profit margin, thanks to newly launched products by key customers. Investors are encouraged to exercise caution and await the official interim results to be published by the end of August 2024.

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