TYCOON GROUP Anticipates Pre-Tax Profit of at Least HK$6 Million in First Half, Reversing Prior Year Loss
Stock News
Aug 14
TYCOON GROUP (03390) has issued a positive profit alert, forecasting a turnaround in its financial performance for the first half of 2026.
According to a company announcement, the group expects to record a pre-tax profit of no less than approximately HK$6 million for the six months ending June 30, 2026. This marks a significant improvement compared to the pre-tax loss of approximately HK$7.4 million reported for the same period in 2025.
The company attributed this expected turnaround primarily to a reduction in administrative expenses and finance costs. Additionally, the sale of a subsidiary during the first half of 2026 generated a gain of approximately HK$4.3 million, which boosted other income and gains.
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