PUBLIC FIN HOLD (00626) announced a net loss of HK$999 million for the fiscal year 2024.

PUBLIC FIN HOLD (00626) announces its annual performance for the year ended December 31, 2024, with a total revenue of 1.237 billion Hong Kong dollars, a decrease of 0.2% compared to the previous year; a net loss of 999 million Hong Kong dollars, compared to a profit of 1438.1 million Hong Kong dollars in the same period last year; and a basic loss per share of 0.910 Hong Kong dollars. Looking back on the year, the group's interest income increased by 93.7 million Hong Kong dollars or 4.8% to 2.05 billion Hong Kong dollars, mainly due to higher interest income from debt securities investments in a high interest rate environment and an increase in bank deposits. Total interest expenses increased by 115.4 million Hong Kong dollars or 12.1% to 1.07 billion Hong Kong dollars, mainly due to the increased interest costs of fixed deposits in a high interest rate environment, as well as the migration of lower-cost savings and current deposits to fixed deposits. Therefore, the group's net interest income decreased by 21.7 million Hong Kong dollars or 2.2% to 983.3 million Hong Kong dollars. The group's other operating income increased by 19.7 million Hong Kong dollars or 8.4% to 253.3 million Hong Kong dollars, mainly due to increased trading volume in the Hong Kong stock market, as well as increased fee and commission income from wealth management services, stock brokerage, and securities management.