Wonderful Sky Financial Group Holdings Limited has issued a positive profit alert, indicating a significant turnaround in its financial performance. The Group expects to record a profit after taxation of not less than HK$40 million for the year ended 31 March 2025, contrasting sharply with a loss of approximately HK$66.5 million for the previous year. This improvement is attributed to a substantial decrease in losses related to the disposal or derecognition of debt instruments at fair value through other comprehensive income, reduced exchange losses due to currency fluctuations, increased interest income from bank deposits, and a gain in the fair value of financial assets at fair value through profit or loss. However, the results are based on preliminary assessments and have not yet been audited. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.