Zhitong Financial App News, PF GROUP (08221) announced results for the three months ended June 30, 2023, with a total income of HK $5.514 million, a year-on-year increase of 2.46%, a net profit of HK $873000, a net loss of HK $3.896 million for the same period last year, and a profit of HK0.04 cents per share.
The announcement said that the change from loss to profit was mainly due to a substantial increase of about HK $1.766 million in interest income from margin financing services, and about HK $1.784 million in interest income and service fees for supply chain financing compared with the corresponding period. The Group has earned about HK $345000 from placing and underwriting services during the reporting period. And there were no foreign exchange losses related to RMB bank deposits during the reporting period, and the Group made such foreign exchange losses of approximately HK $1.279 million during the corresponding period.