Prosperous Future Holdings (HK:1259) has released an update.
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Prosperous Future Holdings Limited has issued a profit warning, alerting shareholders and potential investors to an expected significant increase in net loss after tax for the first half of 2024, estimated to be between HKD 29.9 million and HKD 35.9 million. This anticipated loss is attributed mainly to an impairment on properties for development and a fair value loss on investment properties. The company urges caution when dealing in its securities and will release detailed interim results by the end of August 2024.
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