Kina Securities (ASX:KSL) expects to log underlying earnings in line with its net profit after tax guidance of 109.5 million Papua New Guinean kina to 111.2 million kina for 2024, according to a Monday filing with the Australian bourse.
The company also expects a reduction in 2024 statutory profit to between 100 million kina and 102 million kina due to the impact of a lower tax rate on the company's deferred tax assets.
Kina Securities' shares were up nearly 2% in recent Monday trade, earlier hitting their highest since February 2020.
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