Kingkey Financial International (Holdings) (HKG:1468) expects a net profit of about HK$2.5 million for the six months ended Sept. 30, compared with HK$66.5 for the corresponding period of the previous year, according to a Monday filing with the Hong Kong bourse.
The company attributed the expected net profit to a one-time fair value adjustment of about HK$117.7 million from acquiring FGA Holdings and its subsidiaries.
The security brokerage services company plans to publish its financial results on Nov. 27.
The company's shares were up over 1% in the recent trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments