trending Market Intelligence /marketintelligence/en/news-insights/trending/5n4OFciZW1YUCnAm_acubw2 content esgSubNav
In This List

Astrum Financial forecasts 225.6% YOY rise in 9-month profit

Blog

Banking Essentials Newsletter: 17th April Edition

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Astrum Financial forecasts 225.6% YOY rise in 9-month profit

Hong Kong's Astrum Financial Holdings Ltd. forecasts a 225.6% year-over-year increase in profit for the nine months ended Sept. 30.

The company expects to post a profit and total comprehensive income of HK$12.7 million for the nine-month period, up from HK$3.9 million in the same peiod the prior year, according to an Oct. 22 release.

The company attributed the expected increase mainly to the rise in revenue derived from placing and underwriting services for the period to HK$30.6 million from HK$8.0 million in the prior-year period.

Astrum Financial expects to release its nine-month earnings results in November.