Minerva Group Expects Lower H1 Losses

Power Financial Group Limited (HK:0397) has released an update.

Minerva Group Holding Limited anticipates a consolidated net loss of at least HK$18 million for the first half of 2024, an improvement from the previous year’s HK$35 million loss. The loss is largely due to an unrealized loss from listed equity securities in the healthcare sector, which saw significant declines. The company is cautioning shareholders and potential investors to exercise prudence with their shares, as the final financial details for the period are still being finalized.

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