Gelonghui reported on January 27 that CINDA INTL HLDG (00111.HK) announced, based on the preliminary review of the group’s unaudited consolidated management accounts for the year ending December 31, 2024, the group expects to record a consolidated Net income of approximately 8-12 million Hong Kong dollars for the year ending December 31, 2024, compared to a consolidated after-tax loss attributable to company equity holders of 12.85 million Hong Kong dollars for the year ending December 31, 2023.
This is mainly due to: (i) an increase in income from underwriting of Overseas Bonds issuance projects leading to a rise in the revenue of the corporate financing Business Sector; and (ii) a reduction in overall operating expenses under stringent cost control.
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