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An update from Art Group Holdings Ltd. ( (HK:0565) ) is now available.
Art Group Holdings Limited has announced a positive profit alert, indicating a significant financial turnaround. The company expects to report a profit of approximately HK$27 million for the six months ending December 2024, compared to a net loss of HK$38 million in the same period the previous year. This improvement is attributed to a one-off gain from lease termination and a bargain purchase of a subsidiary, despite some offsetting losses. The final results are pending approval, and investors are advised to exercise caution.
More about Art Group Holdings Ltd.
YTD Price Performance: -5.44%
Average Trading Volume: 5,357,535
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$3.74B
See more insights into 0565 stock on TipRanks’ Stock Analysis page.