XINKONG INT CAP announced that for the year 2024, the loss attributable to equity holders is approximately HKD 643 million, a year-on-year decrease of 33.56%
XINKONG INT CAP announced its 2024 performance, with revenue of HKD 92.441 million, a year-on-year decrease of 54.27%. The loss attributable to equity holders was approximately HKD 643 million, a year-on-year narrowing of 33.56%. The basic loss per share was HKD 0.074. The reduction in loss was mainly due to a decrease in impairment provisions for investments in debt instruments, accounts receivable, loans, and margin financing, as well as a reduction in financing costs and other operating expenses
According to the Zhitong Finance APP, XINKONG INT CAP (00993) announced its 2024 performance, with revenue of HKD 92.441 million, a year-on-year decrease of 54.27%. The loss attributable to equity holders of the company was approximately HKD 643 million, a year-on-year narrowing of 33.56%. The basic loss per share was HKD 0.074.
The announcement stated that the reduction in net loss was mainly due to the group's impairment provisions for direct investments in debt instruments, accounts receivable, loans, and margin financing advances, as well as a decrease in financing costs, administrative, and other operating expenses, along with an increase in total income from the aforementioned revenue and investment gains
