OSL Group to Turn to Profit in 2024

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OSL Group to Turn to Profit in 2024

MT Newswires Live01-23

OSL Group (HKG:0863) expects a profit of between HK$47 million and HK$52 million from continuing operations for the year 2024, compared with a loss from continuing operations of around HK$250 million in 2023, a Wednesday bourse filing said.

The cryptocurrency company attributed the turnaround to profit mainly to a higher demand for digital asset trading and institutional services, expansion of its management team, optimization of operational efficiency, and the appreciation in value of its digital assets.

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