China Rongzhong Financial (HKG:3963) expects a loss of about HK$3.4 million for the six months ended Sept. 30, against a profit of nearly HK$1.3 million logged for the same period last year, a Monday Hong Kong bourse filing said.
The finance leasing company attributed the expected swing to loss in the fiscal first half to a decrease in revenue resulting from a reduction in income from debt collection services due to the slowdown in the domestic economy.
Shares of the company were down over 5% in recent trade.
Price (HKD): $0.56, Change: $-0.030, Percent Change: -5.08%
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