Capital Fin (08239) announced its interim performance for 2024, with earnings of 5.968 million Hong Kong dollars, a decrease of 7% year-on-year...
Zhītōng Cáijīng APP News, Capital Fin (08239) announced its interim performance for 2024, with earnings of 5.968 million Hong Kong dollars, a decrease of 72.2%; the company's attributable loss was 12.03 million Hong Kong dollars, a turnaround from profit to loss. Loss per share is 29.53 Hong Kong cents.
The announcement stated that the decrease in earnings was mainly due to a reduction in interest income from short-term financing services in China during the interim period. The loss was mainly due to the decrease in total earnings; the increase in provision for expected credit losses on customer loans; and the overall impact of reduced financial costs.