Public Financial Holdings (HKG:0626) expects to record a loss attributable to equity shareholders of about HK$30.0 million for the six months ending June 30 against the profit of HK$114 million from the year-ago period, a Thursday filing with the Hong Kong Exchange said.
The company attributed the turnaround to increased credit loss from loans, an increase in funding costs resulting in decreased net interest income, and a decrease in the fair value of investment properties.
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