FW HOLDINGS issues a profit warning, expecting to achieve an annual profit of approximately HKD 13 million, turning losses into profits year-on-year
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FW HOLDINGS expects to achieve a profit of approximately HKD 13 million for the year ending December 31, 2024, turning a loss into a profit. The company's revenue increased from HKD 39 million to approximately HKD 85 million, mainly due to the launch of hotel operations and related businesses, as well as an increase in rental and property management income. In addition, the fair value changes of financial assets increased by approximately HKD 29 million, and significant gains from the revision of other borrowings amounted to approximately HKD 65 million
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