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An announcement from Kina Securities Ltd. ( (AU:KSL) ) is now available.
Kina Securities Limited has confirmed its guidance for 2024, anticipating an underlying profit in line with the expected NPAT of PGK 109.5m to PGK 111.2m. The company’s statutory profit, however, will be reduced due to a non-cash charge stemming from a decrease in the carrying value of deferred tax assets following a reduction in the PNG tax rate for smaller banks. This adjustment, which does not impact operations, will lower the statutory profit to PGK 100.0m–102.0m.
More about Kina Securities Ltd.
Kina Securities Limited operates in the financial services industry, focusing on banking and financial solutions. It primarily provides banking services in Papua New Guinea, offering a range of financial products and services to individuals and businesses.
YTD Price Performance: 0.88%
Average Trading Volume: 160,031
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$331.1M
See more insights into KSL stock on TipRanks’ Stock Analysis page.