New Huo Technology Holdings Limited (HK:1611) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Sinohope Technology Holdings Limited has issued a positive profit alert, announcing an expected net profit of approximately HK$60 million for the year ending September 30, 2024, reversing a previous loss of HK$288.7 million. This significant turnaround is credited to a gain from the sale of an FTX claim, reduced administrative costs, and increased income from fund performance fees and management fees due to rising virtual asset prices. While these results are preliminary, the company will finalize its annual results by December 16, 2024.
For further insights into HK:1611 stock, check out TipRanks’ Stock Analysis page.