Planetree International Development (HKG:0613) expects to return to profit in the first half of 2025, according to a Hong Kong bourse filing Friday.
The company is forecasting profit before tax of HK$99.4 million for the six months ended June 30, compared to a loss of HK$94.2 million a year earlier.
Planetree's financial results are due in late August.
Shares of the financial services company jumped over 2% in afternoon trade Monday.
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.