China e-Wallet Payment Group Limited Announces Expected Profit Turnaround for First Half of 2025

Reuters
07/21
China e-Wallet Payment Group Limited Announces Expected Profit Turnaround for First Half of 2025

China e-Wallet Payment Group Limited has issued a positive profit alert, indicating that the company expects to report a consolidated profit ranging from HK$2.0 million to HK$3.5 million for the six months ending June 30, 2025. This marks a significant turnaround from the previous year's consolidated loss of HK$23.9 million for the same period. The improvement in financial performance is attributed to an unaudited unrealised gain on a financial asset at fair value through profit or loss, amounting to approximately HK$3.6 million, compared to an unrealised loss of approximately HK$21.5 million in the previous year. Additionally, an increase in the group's revenue has contributed to the positive outlook. The board advises shareholders and potential investors to exercise caution when dealing in the company's shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China e-Wallet Payment Group Limited published the original content used to generate this news brief on July 21, 2025, and is solely responsible for the information contained therein.

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