LFG Investment Forecasts HK$16 Million in Fiscal H1 Loss

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LFG Investment Forecasts HK$16 Million in Fiscal H1 Loss

MT Newswires Live2024-11-15

LFG Investment (HKG:3938) expects an attributable loss of at least HK$16 million for the six months ended Sept. 30, a Friday bourse filing by the financial services provider said.

The anticipated loss was mainly due to a negative revenue of not less than HK$7 million from the investment fund, a lower revenue finance, securities and underwriting, and margin financing services, and an expected credit loss on accounts receivable.

Shares of the company closed nearly 5% lower on Friday.

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