Far East Horizon Reports Modest Year-on-Year Gains in Q1 Revenue and Net Profit Attributable to Ordinary Shareholders

Stock News
Apr 13

Far East Horizon (03360) announced that for the first quarter ended March 31, 2026, the Group adhered to a stable and prudent operational strategy, maintaining a steady operating posture. During the period, both operating revenue and net profit attributable to ordinary shareholders saw modest year-on-year increases.

In its financial business segment, both operating revenue and gross profit achieved growth compared to the same period last year. The total interest-earning assets at the end of the period experienced a slight increase from the end of the previous year. The yield on interest-earning assets and the net interest margin improved both year-on-year and quarter-on-quarter, while funding costs decreased further from the end of the prior year. Asset quality remained solid, with the balance of non-performing assets holding steady from the end of the previous year. The non-performing ratio saw a slight decline, and provision coverage was maintained at a prudent level.

The inclusive finance business continued its prudent write-off policy. The scale of interest-earning assets at the end of the period grew by slightly over 10% compared to the end of the previous year, with both revenue and profit maintaining rapid year-on-year growth.

Additionally, during the period, the Group persisted with its steady and cautious risk management strategy. Hedging measures for interest rate and foreign exchange risks remained effective, and liquidity conditions continued to be ample and sound.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10