Progen to Turn to Profit in H2 2024; Shares Up 7%
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Progen is expecting to book a net profit for the second half of 2024, against a net loss a year earlier, mainly due to higher revenue, according to a filing with the Singapore Exchange on Monday. However, the company is still expected to report a loss for full year 2024, the filing said. The company will disclose its financial figures by March 1. Shares of the company were up nearly 7% in recent trading.
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