CMBC Capital Holdings Limited (HK:1141) has released an update.
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CMBC Capital Holdings Limited has issued a positive profit alert, anticipating a consolidated net profit of HK$70 million to HK$90 million for the first half of 2024, a significant turnaround from a net loss of HK$251 million in the previous year. This improvement is largely credited to a reduction in expected credit losses on bond investments and an increase in investment value, including an unrealized gain of approximately HK$109 million. Investors are urged to exercise caution and await the official interim results for a more accurate financial picture.
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