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Prosperous Industrial Expects Up to 110% Profit Surge in FY2024

Story Highlights

Prosperous Industrial (Holdings) Ltd. ( (HK:1731) ) has issued an announcement.

Prosperous Industrial (Holdings) Limited has announced a significant expected increase in profit for the fiscal year ending December 31, 2024, with an anticipated rise of 90% to 110% compared to the previous year. This growth is attributed to strong demand in Asia and Europe and improved production efficiency, although the results are preliminary and subject to final adjustments.

More about Prosperous Industrial (Holdings) Ltd.

Prosperous Industrial (Holdings) Limited is a company incorporated in the Cayman Islands, primarily operating in the industrial sector. The company focuses on production facilities with a market presence in major regions such as Asia and Europe.

YTD Price Performance: 4.71%

Average Trading Volume: 308,915

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$996.8M

Find detailed analytics on 1731 stock on TipRanks’ Stock Analysis page.

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