Fangda Group (01521.HK) reported a first quarter profit of approximately 57.1 million US dollars, a 10.6% decrease year-on-year.

Financial news from Wisdom Finance APP, Fangda Holdings (01521.HK) announced that in the three months ended March 31, 2025, the group incurred a net loss of approximately 900,000 US dollars, compared to a net loss of approximately 1 million US dollars in the same period in 2024. Revenue was approximately 57.1 million US dollars, a decrease of 10.6% compared to approximately 63.9 million US dollars in the same period in 2024. After deducting share-based compensation expenses, amortization of intangible assets from mergers and acquisitions, and merger-related expenses, the group's adjusted net profit was approximately 1.6 million US dollars, compared to approximately 2.2 million US dollars in the same period in 2024.