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Value Partners Group forecasts 122.2% YOY rise in FY'19 profit

Value Partners Group Ltd. forecasts a 122.2% year-over-year rise in profit for the 2019 full year.

The company expects to post a consolidated profit attributable to owners of HK$510 million for the full year, up from HK$229.5 million in the prior-year period.

Value Partners attributed the expected rise in profit to the realized gains of the group's investments in its own funds and other investments of about HK$120 million and the unrealized gains of the investments of about HK$70 million.

Operating profit before other gains or losses for the period is forecast to decline year over year to about HK$340 million from HK$399.9 million.