Planetree International Expects to Report Profit in 2025; Shares Up 2%

MT Newswires Live

03/09

Planetree International Development (HKG:0613) expects HK$30 million in pre-tax profit for 2025, compared to a pre-tax loss of around HK$212 million in 2024, according to a Hong Kong bourse filing Friday.

Shares of the financial services firm gained over 2% in morning trade Monday.

The firm attributed the turnaround to a number of factors, including a net unrealized gain of around HK$150 million on financial assets.

The company's financial results are due in late March.

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