Progen Holdings 583 is expecting to reverse into the black for the FY2022 ended Dec 31, 2022, compared to the loss in the FY2021.
The better performance is due to the share of profit from an associated company as well as the recognition of fair value gain for the investment property, says the group.
The group will release its results for the FY2022 on March 1.
Shares in Progen Holdings closed 0.1 cent lower or 2% down at 4.9 cents on Feb 21.
