Prosperity Investment Holdings Limited (HK:0310) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Prosperity Investment Holdings Limited has issued a profit warning, anticipating a consolidated loss of HK$9.46 million for the first half of 2024, which is a slight improvement over the previous year’s loss. The company has also experienced a significant decrease in gross proceeds from operations, attributing the downturn primarily to reduced operating activities and unrealized loss from financial assets. Additionally, trading of the company’s shares has been suspended since April 2, 2024, and will continue until further notice.
For further insights into HK:0310 stock, check out TipRanks’ Stock Analysis page.