Quam Plus Anticipates Major Profit Decline

China Tonghai International Financial Limited (HK:0952) has released an update.

Quam Plus International Financial Limited issued a profit warning, predicting a sharp decline in their pre-tax profit for the first half of 2024 to not more than HKD12 million, a significant drop from the HKD115 million recorded in the same period of the previous year. The decrease is mainly due to the one-time settlement of a loan from a connected party recognized in the past accounting period. Investors are cautioned to consider this information carefully and await the finalized interim results due by 31 August 2024.

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