Tai Cheung Holdings Limited (HK:0088) has released an update.
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Tai Cheung Holdings Limited has announced a positive financial turnaround, expecting a net profit of at least HK$74.0 million for the year ended 31st March 2024, a significant shift from the previous year’s net loss of HK$20.0 million. The profit surge is attributed to increased property sales, higher interest income, and improved performance from its associate, Consolidated Hotels Limited. Shareholders and investors are advised to be cautious as these preliminary figures are yet to be audited.
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