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Prosper One International Holdings Company Limited (HKG:1470) May Have Run Too Fast Too Soon With Recent 28% Price Plummet
CICC: Global potassium fertilizer production capacity is limited, bullish on the industry's outlook.
In 2024, the contract price for imported potash fertilizer is CFR $273 per ton, and the corresponding domestic market price including taxes is estimated to be around 2,300 yuan per ton. Considering the support role of the contract price of potash fertilizer and the subsequent gradual entry into the peak season for fertilizer use, I am bullish on the maintenance of a prosperous domestic potash fertilizer price.
PROSPER ONE: ANNUAL REPORT 2023/2024
Prosper One International Holdings Swings to Profit in Fiscal 2024
Prosper One International Holdings announces its annual results, with a net profit attributable to shareholders of 1.281 million Hong Kong dollars.
Prosper One (01470) released its annual results for the year ending April 30, 2024, with a revenue of HKD 71.854 million, a year-on-year increase of 102.05%. The company's owners' profit was HKD 1.281 million, compared to a loss of HKD 2.657 million in the same period last year. Earnings per share were 0.16 HK cents. It is reported that the company's owners' net profit from continuing operations for the year is about HKD 1.3 million (2023: about HKD 3.2 million), a decrease of about 59.4% compared to the previous year, mainly due to the increase in shipping costs for the group's export business.
Prosper One Reports Remarkable Financial Turnaround
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