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Freeman FinTech forecasts 9-month net profit of HK$353M

Freeman FinTech Corp. Ltd expects to post group net profit of approximately HK$353 million for the nine months ended Dec. 31, 2017.

The company said March 14 that the expected net profit is mainly attributable to net realized gain of investments at fair value through profit or loss of approximately HK$113 million and net unrealized loss of investments at fair value through profit or loss of approximately of HK$64 million.

It also attributed the excepted net profit to interest income from provision of finance of approximately HK$187 million, as well as share of profit from an associate of approximately HK$157 million and finance costs of HK$116 million.