Summary by Futu AI
KEI Financial International announced on 25 November 2024 that, based on unaudited financial data for the six months ended 30 September 2024, it expects net profit of no more than approximately HK$2.5 million and net profit for the same period of 2023 to be approximately HK$66.5 million. The 2023 interim net profit was approximately HK$117.7 million, mainly due to the one-time fair value adjustment of the acquisition of FGA Holdings Limited and its subsidiaries, amounting to approximately HK$117.7 million. Without this adjustment, a net loss of approximately HK$51.2 million should be recorded for the mid-term 2023.The Board noted that the 2024 interim results showed a substantial improvement as net profit was positive. The information referred to in the announcement is based on an initial assessment by the Board of Directors and may be subject to adjustments without approval by the Auditor or the Audit Committee. The Company plans to announce financial results for the relevant period on 27 November 2024.