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China CITIC Financial Asset Management to Swing to Profit in H1
Hong Kong Stock Market Movement | CITIC Financial Assets (02799) opened nearly 3% higher, expected to turn losses into profits in the first half of the year, with net profit increasing by 191%-212% year-on-year.
China CITIC Financial Assets (02799) opened nearly 3% higher. As of press time, it rose by 2.67%, with the price at HKD 0.385 and a turnover of HKD 0.3307 million.
CITIC Financial Assets (02799.HK) reported a favorable profit: the expected mid-term net profit is expected to increase by 191% to 212% year-on-year.
On August 7th, Guolong reported that CITIC Financial Assets (02799.HK) achieved profits and the net income attributable to shareholders of the company for the six-month period ending on June 30, 2024 is expected to increase by 191% to 212% compared with the same period last year according to preliminary accounting data. (January-June 2023: -4.916 billion yuan). In the first half of 2024, the macroeconomy continued to recover and improve, the company implemented the general idea of "strengthening the foundation, pursuing steady progress, and improving quality and efficiency", accelerated transformation and development, and helped to build a strong financial country, continuously consolidating and expanding the upward momentum. In 2024, the upward trend is expected to continue.
Express News | China CITIC Financial Asset Management - Expected Result Due to Steady Improvement on Effectiveness of Risk Management and Control, Others
Express News | China CITIC Financial Asset Management Sees Profits and Net Profit Attributable for Six Months to Increase by 191% to 212%
CITIC FAMC: PROFIT ALERT
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