China Vered Financial Expects 2025 Profit to Fall to At Least HK$100 Million

Reuters
Jan 30
China Vered Financial Expects 2025 Profit to Fall to At Least HK$100 Million

China Vered Financial Holding Corporation Limited has announced that it expects to record a net profit of not less than HK$100 million for the year ended 31 December 2025, compared to a net profit of approximately HK$223.2 million for the previous year. The significant decrease in profit is mainly attributed to a much lower net gain on investments, projected to be no less than HK$60 million, a sharp drop from the HK$436.5 million recorded in the prior year. This decline is expected to be partially offset by reduced staff costs and related expenses, as well as a reversal of impairment of financial assets compared to a provision for impairment of approximately HK$39.2 million in the previous year. The company is still finalising its consolidated annual results for the period.

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