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133 — China Merchants China Direct Investments News Story

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Investment firm China Merchants swings to H1 net loss

Investment firm China Merchants swings to H1 net loss


Overview

  • Hong Kong investment company's H1 net loss was $59.8 mln, reversing last year's profit

  • Loss driven by $112 mln net loss on financial assets, mainly from listed investments

  • Company raised interim and special interim dividends to $0.12 per share, up from $0.08 last year


Outlook

  • Company did not provide specific financial guidance or forecasts for the current or future periods in the press release


Result Drivers

  • LISTED INVESTMENTS LOSS - Co said net loss was mainly due to decline in value of listed financial assets

  • DIVIDEND INCOME SURGE - Co said investment income rose sharply due to increased dividend income from investments


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Net Loss Attributable

$59.8 mln


Reuters Recommended Reads

  • 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

  • Aug 26 - China Financial Services Holdings swings to interim profit


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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