Capinfo Expects Return to Profit in H1; Shares Rise 7%

MT Newswires Live
08/13

Capinfo Co. (HKG:1075) expects a profit attributable to owners of between 5 million yuan and 15 million yuan for the six months ended June 30, reversing a 23.9 million yuan loss in the same period last year, according to a Tuesday Hong Kong bourse filing.

The turnaround was mainly driven by steady growth in core business revenue through AI application and digital platform development, alongside a gain from the liquidation of a non-principal subsidiary, Rito Info Technology.

Shares of the tech firm were up nearly 7% in late-morning Wednesday trade.

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