Fu Shek Financial Forecasts Profit Plunge

Fu Shek Financial Holdings Limited (HK:2263) has released an update.

Fu Shek Financial Holdings Limited anticipates a significant drop in annual net profit, expecting not more than HK$3.6 million for the year ended March 31, 2024, compared to HK$12.0 million the previous year. This decline is primarily due to reduced interest income from its margin financing services and an increase in impairment losses on accounts receivable. Investors are cautioned to exercise prudence when dealing with the company’s shares as these preliminary figures are subject to audit.

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