CINDA INTL HLDG (00111) Issues Profit Alert, Forecasts Annual Consolidated Net Profit of Approximately HK$74 Million to HK$82 Million

Stock News
Jan 23

CINDA INTL HLDG (00111) has announced, based on a preliminary review of the Group's unaudited consolidated management accounts for the year ending December 31, 2025, that the Group is expected to record a consolidated net profit of approximately HK$74 million to HK$82 million. This contrasts sharply with the comprehensive profit after tax attributable to the Company's equity holders of HK$10.34 million recorded for the year ended December 31, 2024. The significant improvement is primarily attributable to (i) a reversal of impairment losses on financial assets due to the recovery of a margin loan previously suspected to be a bad debt; (ii) an increase in unrealized exchange gains for the current year resulting from the appreciation of the Renminbi against the Hong Kong Dollar; and (iii) an increase in bond income from the fixed income investment business segment, driven by the expansion of the bond investment portfolio.

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