Reliance Global Expects Significant Other Income to Impact Interim Results

MT Newswires Live

Oct 06

Reliance Global (HKG:0723) expects another income of around HK$18.6 million from investing in listed securities, which will significantly impact results for the six months ended Sept. 30, a Monday Hong Kong bourse filing said.

The other income comprises mainly of a net gain of roughly HK$3.4 million from the disposal of financial assets at fair value through profit or loss (FVPL) and net fair value gains of HK$15.2 million on financial assets at FVPL.

The forest-products and lending firm is expected to publish its interim results by the end of November.

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