Summary by Moomoo AI
K Cash Group Limited ('K Cash') announced its interim results for the six months ended June 30, 2024. During the period, the Group achieved interest income of HKD 136,029 thousand, an increase from HKD 125,993 thousand in the same period last year. The net profit and total comprehensive income for the period was HKD 34,307 thousand, higher than HKD 26,178 thousand in the same period last year. Basic and diluted earnings per share were HKD 6.86, slightly lower than HKD 6.98 in the same period last year. The total assets were HKD 1,290,998 thousand, an increase from HKD 1,241,597 thousand as of the end of last year. K Cash's main business is to provide unsecured loans in Hong Kong, and it was listed on the main board of the Hong Kong Stock Exchange on December 5, 2023. The Group actively utilizes technology to improve service quality and has launched credit card business, expecting to gradually expand its customer base. The board of directors declared an interim dividend of HKD 3.4 cents per share, and it will be paid on September 20, 2024.
