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Power Financial Group Limited ( (HK:0397) ) just unveiled an announcement.
Minerva Group Holding Limited has issued a supplemental announcement regarding its profit warning for the fiscal year ending December 31, 2024. The company anticipates a consolidated net loss of no less than HK$144 million, driven by a loss on fair value changes of financial assets and an expected credit loss on loan and interest receivables. The group’s investment performance has been adversely impacted by the downturn in the healthcare sector and broader economic challenges in Hong Kong, including a deceleration in GDP growth and rising credit difficulties. These factors have contributed to increased financial losses and highlight the challenging economic environment the company is navigating.
More about Power Financial Group Limited
YTD Price Performance: 12.22%
Average Trading Volume: 9,537,623
Technical Sentiment Signal: Buy
Current Market Cap: HK$253M
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