OSL Group expects to hit a new high in revenue and achieve its first profit in 2024, with expected revenue growth of 60% -79% year-on-year

OSL Group (863. HK), a listed company in Hong Kong specializing in digital assets, has released a profit forecast, predicting that its revenue will reach a historic high in 2024 and achieve profitability for the first time. According to preliminary review data, the group expects revenue of approximately HKD 337 million to HKD 375 million in 2024, a year-on-year increase of 60% -79%; The profit from continuing operations is approximately HKD 47 million to HKD 52 million, achieving a turnaround from a loss of HKD 250 million in 2023; Comprehensive income is expected to be between HKD 148 million and HKD 165 million, significantly improving from a loss of HKD 266 million in 2023. The main reasons for revenue growth and profitability include the recovery of the digital asset market, the launch of ETFs to stimulate institutional investor participation, the expansion of management teams, and the improvement of operational efficiency. In addition, the appreciation of digital assets held by the group also plays an important role in contributing to performance growth. OSL Group CEO Cui Song stated that in the future, he will expand into new business areas, enter broader markets, and launch more product portfolios. The annual performance announcement is expected to be released in March 2025.