Prosperous Industrial expects profit surge up to 110%

Prosperous Industrial (Holdings) Limited (HKEX: 1731) has issued a positive profit alert, projecting a surge of approximately 90% to 110% in profit attributable to shareholders for the fiscal year 2024. The company attributes this substantial "Profit Increase" to heightened revenue stemming from robust demand in its primary markets across Asia and Europe. Furthermore, improved utilisation rates and enhanced production efficiency within the Group's facilities have contributed to better gross profit margins. The preliminary assessment is based on the unaudited consolidated management accounts. The full annual results for FY2024, which may be subject to adjustments, are expected to be disclosed by March 2025.