Zhitong Financial APP News, CITIC Global Holdings (00723) announced its unaudited interim results for the six months ended September 30, 2021. The company realized HK $417 million in revenue, down 12.7% from the same period last year. The profit attributable to shareholders was HK $8.938 million, down 57.6% from the same period last year. Earnings per share were HK $0.098.
According to the announcement, the decrease in the Group's profit was mainly due to a decrease in profit generated by the Group's timber supply chain operation, mainly due to a decline in its revenue and an overall increase in transportation and freight costs; a decrease in profit from the Group's money lending business, mainly due to an increase in impairment losses on loans receivable; and an increase in administrative expenses and financing costs of the Group.
