Summary by Moomoo AI
KINGKEY FIN INT announced its six-month results ending September 30, 2024. During this period, it recorded a profit of 2.4 million Hong Kong dollars, compared to 66.5 million Hong Kong dollars in the same period last year. Revenue fell by 47.1% from 264.7 million Hong Kong dollars to 140 million Hong Kong dollars. The performance of the Securities and Insurance Brokerage Business was solid, contributing revenues of 10 million Hong Kong dollars and 52.3 million Hong Kong dollars respectively.Administrative expenses increased by 12.2% to 63.6 million Hong Kong dollars, mainly due to increased legal costs associated with negotiations for compensation related to the fur business with the Danish government. Financing costs decreased by 27.0% to 4.6 million Hong Kong dollars, primarily due to a reduction in loans from Banks and Other...Show More