tiprankstipranks
Trending News
More News >

Prosperous Future Holdings Issues Profit Warning Amid Expansion Efforts

Story Highlights
Prosperous Future Holdings Issues Profit Warning Amid Expansion Efforts

Don’t Miss TipRanks’ Half-Year Sale

The latest update is out from Prosperous Future Holdings ( (HK:1259) ).

Prosperous Future Holdings Limited has issued a profit warning, indicating an expected increase in net loss after tax for the year ending December 31, 2024, estimated to be between HKD48.0 million and HKD54.0 million. This anticipated loss is attributed primarily to a significant fair value loss on investment properties and increased labor costs due to the expansion of its money lending and credit card business. Stakeholders are advised to exercise caution when dealing with the company’s securities.

More about Prosperous Future Holdings

Prosperous Future Holdings Limited is a company incorporated in the Cayman Islands, operating in the financial sector with a focus on money lending and credit card services. The company is expanding its operations in these areas, which involves enhancing credit card systems and improving customer service.

YTD Price Performance: 20.0%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $19.85M

Find detailed analytics on 1259 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1