Progressive Path Group Foresees Surge in Fiscal H1 Profit

MT Newswires Live11-21 14:46

Progressive Path Group (HKG:1581) forecasts its attributable profit to increase to between HK$11 million and HK$13 million in the fiscal first half from HK$3 million in the year-ago period, according to a Wednesday filing with the Hong Kong Exchange.

The construction and transportation company attributes the foreseen increase in the six months ended Sept. 30 to a 60% rise in revenue from HK$299.2 million recorded a year earlier, the filing said.

Progressive Path plans to release its first-half earnings on Nov. 28.

Price (HKD): $0.10, Change: $+0.011, Percent Change: +11.96%

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