Public fin hold (00626) announced its mid-term performance in 2024, with net interest income of approximately HK$0.471 billion, a year-on-year decrease of 7.17%, and revenue of approximately HK$0.594 billion, a year-on-year decrease of 7.48%, with a net loss of HK$34.493 million, compared to a net profit of approximately HK$0.114 billion in the same period in 2023, and a loss per share of HK$0.031.
According to the announcement of Dazhong Financial Holdings (00626) about its mid-term performance in 2024, the net interest income was around HKD 0.471 billion, down 7.17% year-on-year, and the operating income was about HKD 0.594 billion, down 7.48% year-on-year, with a net loss of HKD 34.493 million, compared to its net profit of around HKD 1.14 billion in the same period of 2023, and a loss per share of HKD 0.031.
Compared with the first half of 2023, the group's revenue from retail and commercial banks decreased by HKD 40.7 million or 7.0% to HKD 0.5368 billion, mainly due to a decrease in net interest income. This category had a pre-tax loss of HKD 30.6 million, a decrease of HKD 0.1497 billion compared to the first half of 2023, mainly due to an increase in credit loss expenses for leasing, purchasing loans and unsecured personal loans and a decrease in net interest income. The group's revenue from wealth management services, stock brokerage, and securities management decreased by HKD 8.2 million or 15.0% to HKD 46.6 million. During the review period, the pre-tax surplus from this category increased by HKD 7.2 million or 47.7% to HKD 22.3 million, mainly due to a reduction in operating costs after the stock brokerage and securities business operated by Dazhong Bank (Hong Kong) and Dazhong Securities Co., Ltd. were merged in the fourth quarter of 2023.
The group's revenue from wealth management services, stock brokerage and securities management decreased by HKD 8.2 million or 15.0% to HKD 46.6 million. During the review period, the pre-tax surplus from this category increased by HKD 7.2 million or 47.7% to HKD 22.3 million, mainly due to the reduction in operating costs resulting from the merger of stock brokerage and securities business operated by Public Bank (Hong Kong) and Public Securities Limited in the fourth quarter of 2023.