Capital Industrial Reports Mixed Half-Year Results

Shougang Concord Grand (Group) Limited (HK:0730) has released an update.

Capital Industrial Financial Services Group Limited has released its unaudited condensed consolidated interim results, showing a total revenue of HK$109,452,000 for the first half of 2024, up from HK$100,020,000 in the same period last year. Despite the increase in revenue, profit for the period saw a decrease to HK$26,261,000 from HK$30,120,000 previously, attributed to various factors including a rise in administrative expenses and net impairment losses on financial assets. The profit for the period is divided between owners of the company and non-controlling interests, with owners receiving HK$17,981,000.

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