Summary by Moomoo AI
New Fire Technology Holdings Limited expects a net profit of not less than HK$8000 million for the six months ended March 31, 2024, compared with a net loss of approximately HK$2.324 million for the same period in 2023, a significant improvement in results. This positive shift was mainly attributed to four factors: FTX deposit impairment provision of approximately HK$7880 million, administrative expenses decreased by at least HK$5000 million, gross profit increased by at least HK$2000 million, and cryptocurrency fair value gains of at least HK$400m. The Company stresses that this is based on an initial assessment of unaudited consolidated management accounts and reminds shareholders and potential investors to exercise caution when trading shares. NIT HOLDINGS WILL ANNOUNCE AUDITED INTERIM RESULTS BY THE END OF MAY 2024.
