Fu Shek Financial (HKG:2263) expects a net profit of HK$6.2 million for the six months ended Sept. 30, up from HK$1.5 million a year prior, a Nov. 21 Hong Kong bourse filing said.
Shares of the financial services provider were up over 4% in Monday afternoon trading.
The firm attributed the forecast to a rise in commission and brokerage income on securities dealing, a higher handling and other fee income, and an increase in interest income from margin financing services.
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.