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605 — China Financial Services Holdings News Story

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China Financial Services Holdings swings to interim profit

China Financial Services Holdings swings to interim profit


Overview

  • Hong Kong finance consultancy's interim net profit rose sharply from a loss a year ago

  • Interest and financing consultancy services income grew 4.7% yr/yr

  • Profit turnaround aided by reversals of loan and interest payables


Outlook

  • Company did not provide specific financial outlook


Result Drivers

  • REVERSAL OF LOAN AND INTEREST PAYABLES - Profit turnaround was mainly driven by a reversal of loan and interest payables

  • CONSULTANCY INCOME GROWTH - Interest and financing consultancy services income rose 4.7% yr/yr

  • REVERSAL OF GUARANTEE CONTRACT LIABILITIES - Profit was also aided by reversal of liabilities arising from loan guarantee contracts


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Net Income Attributable

HK$125.76 mln


Reuters Recommended Reads

  • Aug 25 - Hong Kong's Astrum Financial interim revenue rises on securities and IPO financing

  • Aug 26 - Hong Kong's BOCOM International H1 loss narrows on higher corporate finance fees

  • Aug 26 - Asia Financial Holdings H1 profit rises on insurance revenue growth, lifts dividend


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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