The Zhitong Finance App learned that Baoguang Industrial (00084) rose by more than 15%. As of press release, it had risen 15.05% to HK$0.107, with a turnover of HK$2,037,400.

According to the news, Baoguang Industrial issued an announcement stating that it is expected that the company's equity holders will earn no less than HK$470 million in net consolidated profit for the year ended March 31, 2024 (“Fiscal Year 2024”), while the consolidated net profit for the year ended March 31, 2023 (“Fiscal Year 2023”) is HK$50.8 million.

According to the announcement, the consolidated net profit recorded in the 2024 fiscal year was due to the completion of the sale of a Swiss subsidiary and confirmed proceeds from the sale of watch inventory, totaling approximately HK$559 million. In fiscal year 2023, sales revenue of 78.7 million was confirmed due to the completion of the sale of a Hong Kong property, and a revaluation income of HK$14.8 million was recorded for investment properties.