Da Yu Financial Holdings (HKG:1073) expects to swing to a net profit of HK$21 million for 2024 from a net loss of HK$162 million in 2023, a Thursday Hong Kong bourse filing said.

The company attributed the expected turnaround to increases in bond investment and fee incomes and the lack of a HK$172 million non-cash goodwill impairment during the reporting year.