South China Financial Holdings Limited (00619) announces profit. Net loss in 2025 is expected to be approximately HK$23 million, a year-on-year reduction.
South China Financial (00619) announces that it is expected to incur a net loss of approximately 23 million Hong Kong dollars for the fiscal year ending on December 31, 2025 (the current fiscal year), compared to a net loss of approximately 295 million Hong Kong dollars for the fiscal year ending on December 31, 2024. The significant reduction in losses is mainly attributed to: a decrease in fair value losses on investment properties to 40.7 million Hong Kong dollars in the current fiscal year (2024: 223 million Hong Kong dollars); improved total revenue from brokerage, trading, and investment divisions, driven by a better atmosphere in the Hong Kong securities market; and a decrease in other operating expenses in the current fiscal year due to the Group's comprehensive optimization of expense management, resulting in lower rental and employee-related expenses.
SOUTH CHINA FIN (00619) announced that the group is expected to incur a net loss of approximately 23 million Hong Kong dollars for the year ending December 31, 2025 (current year), compared to a net loss of approximately 295 million Hong Kong dollars for the year ending December 31, 2024. The significant reduction in losses is mainly attributed to: a decrease in fair value losses on investment properties to 40.7 million Hong Kong dollars (2024: 223 million Hong Kong dollars); improvement in total revenue of the brokerage, trading, and investment division, driven by a better atmosphere in the Hong Kong securities market; and a decrease in other operating expenses for the current year due to the group's comprehensive optimization of expense management, resulting in a decrease in rental and staff-related expenses.
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