Dingyi Group Investment (HKG:0508) expects a net profit of HK$27.3 million for the six months ended Sept. 30, 74% lower than HK$106.1 million logged for the same period last year, a Friday Hong Kong bourse filing said.
The loan financing and financial leasing company attributed the expected decrease to a 30% decline in gross profit margins for the reporting period, provision of impairment losses on loan and interest receivables, and an increase in selling and distribution costs during the reporting period.
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