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RONGZHONG FIN: ANNOUNCEMENT FOR THE UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
China Rongzhong Financial Expects to Swing to Loss in Fiscal H1
Rongzhong fin (03963.HK) expects a mid-term loss of approximately 3.44 million HKD.
Grall November 25th, rongzhong fin (03963.HK) announced that the profit for the period ended September 30, 2024 is expected to be a loss of about 3,438,000 Hong Kong dollars, compared with a profit of approximately 1,293,000 Hong Kong dollars in the same period last year. The board of directors believes that the expected loss is mainly due to the decrease in revenue during the reporting period. The decrease in revenue is mainly due to the decrease in income from debt collection services by the group, which is caused by the slowdown of the domestic economy in china, thereby affecting the repayment ability of debtors, leading to a decrease in the amount and duration of repayments, resulting in a decrease in income from successful recovery cases.
Express News | China Rongzhong Financial Holdings - Expected Result Due to Decrease in Revenue in Hy
Express News | China Rongzhong Financial Sees Loss of HK$3.4 Mln for Hy
Rongzhong Fin (03963.HK) held a board of directors meeting on November 27 to consider and approve the interim performance.
Glory News on November 13th: rongzhong fin (03963.HK) announced that the board of directors will convene a meeting on November 27, 2024 (Wednesday) to consider and approve the group's interim performance for the six months ended September 30, 2024, as well as propose interim dividends (if any), and handle other matters.
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