First Shanghai Investments Anticipates Major Profit
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First Shanghai Investments Anticipates Major Profit

First Shanghai Investments Limited (HK:0227) has released an update.

First Shanghai Investments Limited has issued a positive profit alert, expecting a profit of at least HK$60 million for the first half of 2024, marking a significant improvement from the loss in the same period of 2023. The anticipated profit is largely due to a gain from the sale of a subsidiary’s equity interest. Investors are advised to await the official interim results announcement, to be released before the end of August 2024, and to exercise caution when trading shares.

For further insights into HK:0227 stock, check out TipRanks’ Stock Analysis page.

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