CHINA EVER GRAND FINANCIAL LEASING GROUP (00379.HK): Expected H1 Turnaround to Profit with Net Profit of HK$40 Million to HK$50 Million

NewTimeSpace News: CHINA EVER GRAND FINANCIAL LEASING GROUP announced on 11 August that the Group expects to record a net profit of approximately HK$40 million to HK$50 million for the six-month period ending 30 June 2026. A net loss of around HK$37.7 million was posted in the corresponding period of last year, representing a turnaround from loss to profit.

NewTimeSpace News: On 11 August 2026, CHINA EVER GRAND FINANCIAL LEASING GROUP (00379.HK) issued a positive profit forecast. Based on preliminary review of the unaudited consolidated management accounts, the Group expects to register a net profit of approximately HK$40 million to HK$50 million in the first half-year, versus a net loss of roughly HK$37.7 million recorded in the same period last year, achieving a turnaround from loss to profit.

According to the announcement, the swing from loss to profit is mainly attributable to an accounting gain of about HK$55 million arising from the disposal of a subsidiary of the Company, and such gain is non-recurring in nature.

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