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8226 — KOALA Financial News Story

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Hong Kong's Koala Financial H1 net profit jumps on listed securities gains

Hong Kong's Koala Financial H1 net profit jumps on listed securities gains


Overview

  • Hong Kong financial services firm's preliminary H1 revenue fell 18% yr/yr

  • Net profit for H1 surged, mainly due to gains on listed securities


Outlook

  • Company did not provide specific financial guidance for the current quarter or full year


Result Drivers

  • MARGIN FINANCING DECLINE - Co said revenue fell mainly due to lower interest income from margin financing

  • SECURITIES INVESTMENT GAINS - Co said net profit rose due to fair value gains on listed securities

  • LOWER STAFF COSTS - Co said administrative expenses decreased mainly due to lower staff costs


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

HK$9.60 mln


Reuters Recommended Reads

  • Aug 12 - Singapore's Yangzijiang Financial H1 profit slips on lower interest income

  • Aug 13 - Finland's Oma Savings Bank H1 profit flat, net interest income falls

  • Aug 12 - Hong Kong's tax-cut reform to exclude proprietary trading firms


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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