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AMBCryptoDec 12 06:30 ET

Sinohope Technology Holdings Expects to Turn to Profit in Fiscal 2024

MT NewswiresDec 12 05:57 ET

SINOHOPE TECH (01611.HK) anticipates a profit alert: expected annual net profit of approximately 60 million HKD.

Gelonghui, December 12th | SINOHOPE TECH (01611.HK) announced that the group expects to record a net profit of approximately 60 million Hong Kong dollars for the fiscal year ending September 30, 2024, compared to a net loss of approximately 0.2887 billion Hong Kong dollars for the fiscal year ending September 30, 2023. The expected net profit mainly comes from (1) the completion of the sale of FTX claims in June 2024, which generates income of approximately 96.3 million Hong Kong dollars from the sale of FTX claims and the reversal of impairment provisions; (2) continuous strengthening of cost management leading to a reduction of approximately 44% in administrative expenses compared to last year; and (3) benefiting from the increase in virtual asset prices and ongoing.

Gelonghui FinanceDec 12 03:47 ET

Express News | Sinohope Technology - Expected Result Due to HK$96.3 Mln Gain & Reversal of Provision of Impairment of Ftx Deposit

ReutersDec 12 03:45 ET

Express News | Sinohope Technology Holdings FY Net Income HKD 60 Million

ReutersDec 12 03:45 ET

SINOHOPE TECH: POSITIVE PROFIT ALERT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024

HKEXDec 12 03:44 ET · Announcements