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Far East Horizon Reports Strong H1 2022 Earnings Growth
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Far East Horizon Reports Strong H1 2022 Earnings Growth

Ituran Location And Control ( (ITRN) ) has released its Q3 earnings. Here is a breakdown of the information Ituran Location And Control presented to its investors.

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Far East Horizon Limited is a leading financial conglomerate in China, focusing on integrating finance and industry to serve various sectors such as healthcare, engineering, and logistics. In its latest earnings report for the first half of 2022, the company highlighted a 9.46% increase in revenue to RMB 17.72 billion and a 10.47% rise in profit attributable to shareholders, reaching RMB 2.84 billion. The financial services segment contributed significantly to this growth, with a 12.39% rise in interest income. However, advisory services saw a decline. The industrial operations segment, including Horizon Construction and Horizon Healthcare, showed strong performance, with a 21.13% revenue increase. Looking ahead, Far East Horizon aims to continue leveraging its ‘finance + industry’ model to navigate the complex economic landscape and create value for stakeholders.

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