China Vered Financial Holding Corporation Projects Notable Profit Surge with Over HK$600 Million Expected for H1 2025
Reuters
Jul 18
China Vered Financial Holding Corporation Projects Notable Profit Surge with Over HK$600 Million Expected for H1 2025
China Vered Financial Holding Corporation Limited has issued a positive profit alert, indicating an expected net profit of not less than HK$600 million for the six months ending June 30, 2025. This represents a significant turnaround from a net loss of approximately HK$20.6 million during the same period in the previous year. The improvement is mainly attributed to a substantial net gain on investments, particularly from holding shares in eToro Group Limited, listed on NASDAQ. Additionally, the company reported a decrease in staff costs, related expenses, and provisions for impairment of financial assets compared to the previous year. The interim results are expected to be finalized and announced by the end of August 2025. Shareholders and investors are advised to exercise caution, as the preliminary figures are based on unaudited management accounts and may be subject to further adjustments.
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