UBA Investments (00768) announces a profit, expecting a mid-term surplus of approximately HKD 5.7 million, a year-on-year turnaround from loss to profit.

UBA INVESTMENTS (00768) announced that the group is expected to achieve unaudited profits of approximately 5.7 million Hong Kong dollars for the six months ending September 30, 2024. This is in contrast to the unaudited losses incurred for the six months ending September 30, 2023. The announcement stated that the expected profits are mainly attributed to the realization and unrealized gains on financial assets recognized at fair value through profit or loss.