Prosperity Investment Holdings Reports 2024 Loss of HK$17.3M, Revenue Drops to HK$6K from HK$30K in 2023

Reuters
Aug 29
Prosperity Investment Holdings Reports 2024 Loss of HK$17.<a href="https://laohu8.com/S/MMM">3M</a>, Revenue Drops to HK$6K from HK$30K in 2023

Prosperity Investment Holdings Limited reported its audited financial results for the year ended December 31, 2024. The company announced a significant decrease in gross proceeds from operations, which fell to HK$4.3 million from HK$16.5 million in the previous year. Revenue also saw a decline, dropping to HK$6,000 from HK$30,000 in 2023. The Group reported a loss after tax of approximately HK$17.3 million for the year, an improvement from the HK$22.4 million loss in 2023. This reduction in loss was partly due to decreased finance costs and investment management expenses. The loss was primarily attributed to a HK$0.3 million loss from changes in the fair value of listed equity investments. Throughout the year, the company focused on managing existing investments and optimizing its operational cost base while also attempting to raise new capital for future growth. The Group continued its investment activities in both listed and unlisted securities but did not make any new unlisted investments during the year. The stock prices and fair values of its listed investments showed mixed results due to market conditions.

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