China's Haosen Fintech H1 profit rises on lower finance costs
China's Haosen Fintech H1 profit rises on lower finance costs
Overview
China fintech firm's half-year revenue fell yr/yr
Profit attributable to equity holders rose for the period
Diluted EPS increased to 1.55 cents from 1.24 cents
Outlook
Company did not provide specific financial guidance or outlook commentary in the press release in the press release
Result Drivers
LOWER CREDIT LOSSES - Allowance for expected credit losses (ECL) fell to RMB 9,030,000 from RMB 16,575,000, supporting profit growth
LOWER FINANCE COSTS - Finance costs decreased to RMB 3,675,000 from RMB 6,166,000, aiding profitability
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| RMB 38.3 mln |
|
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(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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