Zhitong Financial APP News, Jiehao Finance (01469) announced its results for the six months ended September 30, 2021, with an income of about HK $190 million, an increase of 2.4% over the same period last year. The profit for the period was about HK $433 million, an increase of about 5.17 times over the same period last year. Earnings per share were HK17.3 cents, with an interim dividend of HK3 cents per share.
The increase in profit was mainly due to the recognition of gains from the sale of subsidiaries and a decrease in net impairment losses on accounts receivable, the announcement said. The net impairment loss on accounts receivable during the period was HK $46.9 million (2020: HK $75.1 million).