Centralwealthgp (00139) released its interim performance for the six months ending June 30, 2024...
According to the financial news app, Centralwealthgp (00139) announced its interim performance for the six months ending June 30, 2024. The group generated revenue of 26.061 million Hong Kong dollars, a decrease of 68.05% year-on-year; the company's attributable loss was 13.958 million Hong Kong dollars, a decrease of 52.68% year-on-year; with a loss per share of 0.08 Hong Kong cents.
The announcement stated that the decrease in revenue was mainly due to a significant decrease in income from providing debt capital markets (bonds capital markets) services and a reduction in asset management scale. The income from providing debt capital markets was approximately 5.4 million Hong Kong dollars, compared to about 36.9 million Hong Kong dollars for the six months ending June 30, 2023. Due to the challenging operating environment of China's US dollar bonds market, the provision of debt capital markets services slowed down in this period. The pre-tax loss for this period was approximately 13.9 million Hong Kong dollars, while the pre-tax loss for the six months ending June 30, 2023, was approximately 31 million Hong Kong dollars.
