Da Yu Financial (HKG:1073) expects a net profit of about HK$21 million in 2024, compared with a net loss of approximately HK$162 million recorded in the previous year, according to a Thursday filing with the Hong Kong bourse.

The company attributed the expected profit to increased fee income and bond investment income and the absence of HK$172 million non-cash goodwill impairment.

The company is expected to publish full-year results by the end of March.