Asia Financial (00662) announced a profit increase, expecting the net profit attributable to shareholders in the financial year of 2024 to grow by over 70% compared to the previous year.

ASIA FINANCIAL (00662) announced that it is expected that the Group's attributable net profit to shareholders for the current year (year ending December 31, 2024) will increase by more than 70% compared to the audited profit of approximately 347 million Hong Kong dollars for the same period in 2023. The announcement states that the increase in profit is mainly due to the recovery of global stock markets, which has led to an increase in realized and unrealized profits in the Group's investment securities portfolio. Additionally, there has been a significant increase in the Group's insurance income compared to the previous year, and the diversification of overseas reinsurance business has also contributed to the performance growth.