Affluent Partners Forecasts Annual Loss

Affluent Partners Holdings (HK:1466) has released an update.

Affluent Partners Holdings Limited anticipates a significant downturn in its financial performance, expecting to report a loss of around HK$8.4 million for the fiscal year ending March 31, 2024, a stark contrast to the HK$8.7 million profit from the previous year. Contributing factors to the loss include decreased credit loss reversals, increased administrative expenses, and despite an increase in gross profit. The company’s shares will continue to be suspended from trading until the final results are published on July 31, 2024.

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