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Express News | Chinlink International Holdings H1 Gross Margin 66.4%
Express News | Chinlink International Holdings H1 Revenue HKD 44.4 Million
Express News | Chinlink International Holdings H1 Gross Profit HKD 29.5 Million
CHINLINK INTL: ANNOUNCEMENT OF INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
Chinlink intl (00997.HK): Expected mid-term consolidated loss of no less than 0.225 billion Hong Kong dollars.
Glory Financial announced on November 25 that chinlink intl (00997.HK) expects to record a consolidated loss of no less than 0.225 billion Hong Kong dollars for the six-month period ending September 30, 2024. This loss is expected to be greater compared to the six-month period ending September 30, 2023, primarily due to: (i) the economic situation has not improved since the cancellation of COVID-19 restrictions at the beginning of 2023, resulting in a decline in income from financial guarantees and other financing services as well as real estate investment business; and (ii) significant losses in the fair value changes of investment properties due to a sluggish real estate market.
Express News | Chinlink International - Expected Result Due to Drop in Revenue From Financial Guarantee & Other Financing Services, Others
