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Prosperous Future Holdings Expects Wider Loss in H1
Prosper Future (01259.HK) issued a profit warning: It is expected that the mid-term after-tax net loss will increase.
Prosper Future Holdings (01259.HK) announced that the group expects the net loss after tax for the six months ending June 30, 2024 to increase. The company estimates that the net loss after tax for the six months ending June 30, 2024 will be approximately HKD 29.9 million to HKD 35.9 million, compared to a net loss after tax of approximately HKD 12.6 million in the same period last year. The group's performance incurred this loss mainly due to (i) impairment loss of approximately HKD 9.0 million on properties under development, while an impairment loss reversal of approximately HKD 4.0 million was recorded for the six months ending June 30, 2023.
Express News | Prosperous Future - Expected Result Due to Impairment Loss on Properties for Development of HK$9.0 Mln, Others
Express News | Prosperous Future Sees Hy Net Loss After Tax Range of HKD29.9 Mln to HKD35.9 Mln
PROSPER FUTURE: PROFIT WARNING
Prosper Future (01259.HK) plans to hold a board of directors meeting on August 29 to approve the interim performance.
Prosper Future (01259.HK) announced that the board of directors meeting will be held on Thursday, August 29, 2024, including discussing and approving the publication of comprehensive interim performance announcements for the company and its subsidiaries ending on June 30, 2024, and considering the proposal for interim dividends (if any).
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