Baolian Holdings (08201) announced that it is expected to obtain the company's support for the six months ending December 31, 2023...
According to the Zhitong Finance App, Baolian Holdings (08201) announced that it is expected to obtain net profit of HK$4.5 million to HK$5 million (2024 interim results) for the six months ending December 31, 2023, while net profit attributable to company owners is approximately HK$2.5 million in the six months ending December 31, 2022. The improvement in consolidated financial performance for the 2024 interim results was mainly due to the net impact of the following factors:
(1) An increase of approximately HK$5.3 million in loan impairment provisions confirmed to be approved under the Group's money lending business; and
(2) The Group's owned properties in Hong Kong, China confirmed an increase in revaluation losses of approximately HK$2 million.