Market Insight

2024.07.09 09:45

Market News GOLDPAC GROUP(03315) expects 1H profit to drop 60-70%

(Infocast News) Goldpac Group Limited (03315) announced that the Board expects to record a decrease in the profit attributable to owners of the Company by approximately 60% to 70% for the six months ended 30 June 2024 as compared to the profit attributable to owners of the Company for the six months ended 30 June 2023 (which was approximately HK$75 million). The decrease in profit attributable to owners of the Company for the six months ended 30 June 2024 was primarily due to (i) the intensified competition in the banking industry in the Chinese mainland, which focused on the existing users market in the first half of 2024 and resulted in a decrease in both the sales price and sales volume of the Group’s products; (ii) the longer-than-expected procurement cycles of the customers outside the Chinese mainland, which impacted the sales orders placed by customers in markets outside the Chinese mainland; and (iii) the increasing investment in the digital transformation of the Group. (SY)

Data Source：INF