Hong Kong Economic Times Expects Profit Surge

Hong Kong Economic Times Holdings (HK:0423) has released an update.

Hong Kong Economic Times Holdings Limited anticipates a profitable year, expecting a profit of about HK$55 million for the year ended 31 March 2024, nearly doubling the previous year’s figure. This forecasted increase is largely due to a significant property disposal gain, somewhat offset by a fair value loss in investment property, impairment losses, and a reduction in advertising revenue. Shareholders and potential investors are cautioned to await the final annual results, which are subject to audit adjustments and will be published by the end of June 2024.

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