Sun Hung Kai & Co. Limited ( (HK:0086) ) has shared an update.
Sun Hung Kai & Co. Limited has announced a positive profit alert, indicating a significant turnaround in its financial performance for the year ended December 31, 2024. The company expects to report a consolidated profit of up to HK$400 million, contrasting with a loss of HK$471.4 million in 2023. This improvement is primarily due to net gains in financial instruments within its investment management business, although partially offset by reduced profits in its credit business due to a weak local economy and high interest rates.
More about Sun Hung Kai & Co. Limited
Sun Hung Kai & Co. Limited is a company incorporated in Hong Kong, operating with a focus on investment management and credit services. The company is involved in managing financial instruments and providing credit solutions, with a market focus that includes navigating economic conditions and interest rate impacts.
YTD Price Performance: -0.62%
Average Trading Volume: 4,214
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €652.9M
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