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Prosperity Group Anticipates Reduced Losses for FY2025

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Prosperity Group Anticipates Reduced Losses for FY2025

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Kingbo Strike Ltd. ( (HK:1421) ) has shared an announcement.

Prosperity Group International Limited has announced a positive profit alert, indicating a significant reduction in losses for the fiscal year ending June 2025. The company expects losses to decrease to between HK$19.0 million and HK$26.0 million, compared to HK$47.0 million in the previous year, due to improved gross profit, reduced administrative expenses, and lower provisions for expected credit losses.

The most recent analyst rating on (HK:1421) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Kingbo Strike Ltd. stock, see the HK:1421 Stock Forecast page.

More about Kingbo Strike Ltd.

Average Trading Volume: 973,924

Technical Sentiment Signal: Sell

Current Market Cap: HK$63.4M

See more insights into 1421 stock on TipRanks’ Stock Analysis page.

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