Gome Fin Tech (00628.HK) announced on August 20th that the company is expected to record a net profit attributable to shareholders of approximately RMB 23 million to RMB 26 million for the six months ending June 30, 2024, while in the same period last year, the company recorded a net loss attributable to shareholders of approximately RMB 2.2 million.
The board of directors believes that the turnaround from loss to profit during the period is mainly due to the following factors: (i) the expected increase in revenue due to the expansion of financial services provided; and (ii) the expected reduction in foreign exchange translation losses due to decreased exchange rate volatility.
