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Future World Holdings Limited ( (HK:0572) ) has shared an update.
Future World Holdings Limited has issued a positive profit alert, forecasting a profit of approximately HK$13 million for the year ending December 31, 2024, compared to a loss of HK$152 million in the previous year. This turnaround is attributed to increased revenue from hotel operations and ancillary businesses, improved rental and property management income, favorable changes in the fair value of financial assets, reversal of credit loss allowances, and gains from modifications of borrowings.
More about Future World Holdings Limited
Future World Holdings Limited operates in the hospitality and real estate sectors, focusing on hotel operations, rental income, and property management services.
YTD Price Performance: -13.79%
Average Trading Volume: 330,848
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$147.6M
Learn more about 0572 stock on TipRanks’ Stock Analysis page.