Huarong International Financial Holdings Limited (HK:0993) has released an update.
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Huarong International Financial Holdings Limited has announced a significant financial turnaround with an expected net profit of HK$140 million for the period ending 30 June 2024, compared to a net loss in the same period last year. The improvement is largely due to a reversal of impairment provision on a loan and a net gain on financial assets. Investors are cautioned that these preliminary figures are subject to change and should await the official results announcement due by the end of August 2024.
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