G-Resources Group Forecasts Major Profit Leap

G-Resources Group (HK:1051) has released an update.

G-Resources Group Limited has issued a positive profit alert, expecting a significant turnaround with a net profit of approximately USD39 million for the first half of 2024, compared to a net loss in the same period the previous year. The anticipated profit is largely due to an increase in fair value gain of financial assets, higher revenue from dividends, distribution income, and interest income, along with decreased administrative expenses. Investors are cautioned to await the official interim results announcement before the end of August 2024 for confirmed figures.

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