By Katherine Hamilton
Top Wealth Group shares jumped after the caviar and wine company said it expects to swing to a profit for the full year.
The stock more than doubled to $13.72 in after-hours trading. Through the close, the stock had lost 76% of its value this year.
The Hong Kong luxury food and drink supplier said Friday it expects net profits in fiscal 2025 to be at least $4 million.
TWG recorded a loss of $2 million in fiscal 2024. The turnaround is driven by improvements across business operations, TWG said.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
December 05, 2025 17:29 ET (22:29 GMT)
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