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Amber Hill Financial Swings to Fiscal H1 Earnings on Lower Finance Costs

MT Newswires ·  02/28/2022 11:30

10:26 PM EST, 02/27/2022 (MT Newswires) -- Amber Hill Financial Holdings (HKG:0033) said it turned to fiscal H1 earnings of HK$0.091 ($0.012) per diluted share from a loss of HK$0.1169 a year prior.

Profit attributable to equity shareholders of the company in the six months ended Dec. 31, 2021 reached HK$48.9 million versus a loss of HK$15.2 million in the previous year, according to a late Friday filing.

Revenue surged to HK$215.5 million year over year from HK$46.9 million. dx

The gains were driven by a year-on-year decrease in finance costs to HK$772,000 from HK$6.7 million, income of HK$11.2 million from the sale of certain units, and reversal of impairment on certain receivables of HK$1.3 million, the securities broker said.

Price (HKD): $1.80, Change: $+0.22, Percent Change: +13.92%

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