Public Fin Hold (00626.HK) issued a profit warning. Compared with a profit of HKD 114 million in the same period last year, it is expected to have a loss of about HKD 30 million for the six months ending in June. The main reason is because the expected credit loss allowance increased by HKD 80 million; the increase in funding costs resulted in a reduction in net interest income of about HKD 35 million; and the fair value of investment properties decreased by about HKD 25 million.
《盈警》大眾金融控股(00626.HK)估計上半年轉虧約3,000萬元
It is estimated that public fin hold (00626.HK) will have a loss of approximately 30 million yuan in the first half of the year, according to the profit warning.
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