Dingyi Group Investment (HKG:0508) expects a net profit of HK$27.3 million for the six months ended Sept. 30, 74% lower than HK$106.1 million logged for the same period last year, a Friday Hong Kong bourse filing said.
The loan financing and financial leasing company attributed the expected decrease to a 30% decline in gross profit margins for the reporting period, provision of impairment losses on loan and interest receivables, and an increase in selling and distribution costs during the reporting period.
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.