Quam Plus International Reports 2024 Financial Results, Faces Net Loss

China Tonghai International Financial Limited ( (HK:0952) ) has provided an announcement.

Quam Plus International Financial Limited announced its audited annual results for the year ended December 31, 2024, reporting a significant decline in net profit compared to the previous year. The company experienced a net loss attributable to equity holders of HK$73.37 million, a stark contrast to the HK$119.54 million profit in 2023. This downturn was influenced by a decrease in fee and commission income, a drop in interest income calculated using the effective interest method, and a substantial net loss in other income. Despite these challenges, the company saw a reversal in expected credit loss and a gain in fair value change of investment properties.

More about China Tonghai International Financial Limited

Quam Plus International Financial Limited operates in the financial services industry, focusing on providing fee and commission-based services, interest income, and investment management. The company is incorporated in Bermuda and listed on the Hong Kong Stock Exchange.

YTD Price Performance: -5.00%

Average Trading Volume: 74,658

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.17B

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