The board of directors of China Art Financial Holdings Limited informed the shareholders and potential investors that, based on a preliminary review by the Board on the latest unaudited consolidated management accounts of the Group, which have not been reviewed or audited by the independent auditors and/or the audit committee of the Company, and taking into consideration of the information currently available to the Board, the Group is likely to record a significant reduction in net profit for the six months ended 30 June 2023 in the range of 70% to 80% as compared to the corresponding period in 2022 which recorded a net profit of approximately RMB 14 million. The expected reduction in profit is mainly attributable to the decrease in the interest revenue from art and asset pawn business.
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|
5-day change | 1st Jan Change | ||
0.129 HKD | -5.15% | -0.77% | +35.79% |
04-26 | China Art Financial Raises HK$1.5 Million from Private Placement | MT |
04-25 | China Art Financial's 2023 Profit Falls on Cost of Inventories Sold | MT |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+35.79% | 27.91M | |
-13.18% | 1.82B | |
+116.01% | 415M | |
-10.94% | 81.6M | |
+16.24% | 72.76M | |
+45.26% | 54.58M |
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