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Prosperous Future Holdings Reports 2024 Financial Results

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Prosperous Future Holdings Reports 2024 Financial Results

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Prosperous Future Holdings ( (HK:1259) ) has provided an update.

Prosperous Future Holdings Limited reported its annual financial results for the year ended December 31, 2024, showing a slight decrease in revenue from continuing operations to HK$508.5 million, down 1.7% from the previous year. Despite the revenue decline, the company achieved a 10.5% increase in gross profit, reaching HK$130.5 million, and improved its gross profit margin to 25.7%. However, the company experienced a higher loss attributable to equity holders, amounting to HK$53.7 million, compared to HK$38.7 million in 2023, indicating challenges in managing costs and investments.

More about Prosperous Future Holdings

Prosperous Future Holdings Limited is a company incorporated in the Cayman Islands, operating with a focus on various business sectors. The company’s primary services and market focus are not explicitly detailed in the announcement.

YTD Price Performance: 20.0%

Technical Sentiment Signal: Buy

Current Market Cap: $19.27M

For an in-depth examination of 1259 stock, go to TipRanks’ Stock Analysis page.

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