China Financial Services Anticipates 2024 Profit Turnaround

MT Newswires Live

03/12

China Financial Services (HKG:0605) expects an attributable profit of at least HK$35 million for 2024, which would mark a turnaround from a net loss of HK$160 million a year prior, a Tuesday filing with the Hong Kong bourse said.

The financial services company attributed the forecast to a reversal of loan and interest payables, improved net interest and service income, and lower impairment loss on loan receivables.

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