Sinolink Worldwide Expects to Swing to Profit in 2024

MT Newswires Live

03/12

Sinolink Worldwide Holdings (HKG:1168) expects a profit attributable to owners of about HK$3.50 billion for 2024, compared with the loss of HK$278 million a year earlier, according to a Tuesday filing with the Hong Kong bourse.

The company attributed the turnaround from loss to profit to one-time gains from converting Rockefeller Group Asia Pacific from an equity-method investment to a wholly-owned subsidiary during the year.

The property-related business plans to publish its annual results on March. 24.

The company's shares were up by 2% at the close of trading.

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