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Emperor Capital Group (HKG:717) Soars 137% This Week, Taking One-year Gains to 132%
EMPEROR CAPITAL: 2023/2024 Interim Report
Emperor Capital Group Posts Lower H1 Profit, Revenue
Emperor Capital announced interim results. Net profit of HK$41.627 million decreased 8% year over year
Emperor Capital (00717) announced results for the six months ended March 31, 2024, with revenue of HK$185 million, down 2.6% year on year; net profit of HK$41.627 million, down 8% year on year; and basic profit per share of HK$0.62. During this period, the Group continued to adhere to the prudential policy and adopted strict credit risk management and monitoring mechanisms to reduce the risk of default. The Group adjusts interest rates and loan valuation ratios in a timely manner according to market conditions. The loan segment revenue for the period was HK$128.5 million (2023: HK$136.1 million), accounting for 69.3% of the Group's total revenue (2023
Emperor Capital (00717.HK)'s medium-term adjusted net profit (net of impairment provision) increased 6.5% to HK$99 million
Glonghui, May 17 | Emperor Capital (00717.HK) announced that in the 2023/2024 interim results, the Group's total revenue for the period was unavoidably reduced to HK$185 million (2023: HK$190 million) in the face of complex circumstances and unfavorable business environment. Excluding provisions for impairment, the Group's adjusted net profit increased by 6.5% to HK$99 million. Basic earnings per share were HK 0.62 cents (2023: HK 0.67 cents). The Group currently trades securities and futures in Hong Kong, Mainland China (through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect schemes, respectively) and major overseas exchanges
EMPEROR CAPITAL: 2023/2024 Interim Results Announcement
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