trending Market Intelligence /marketintelligence/en/news-insights/trending/bp_T-XhijamSVn5dDb2Mjg2 content esgSubNav
In This List

China Fortune Investments Q3 loss narrows YOY

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Global M&A By the Numbers: Q1 2022

Blog

Insight Weekly: Earnings forecasts for US banks; corporate deleveraging; LatAm currency gains


China Fortune Investments Q3 loss narrows YOY

China Fortune Investments (Holding) Ltd. said its normalized net income for the third quarter came to a loss of HK$457,000, compared with a loss of HK$1.2 million in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to negative 4.9% from negative 3.5% in the year-earlier period.

Total revenue climbed on an annual basis to HK$67.8 million from HK$33.9 million, and total operating expenses rose 83.5% year over year to HK$56.5 million from HK$30.8 million.

Reported net income came to a loss of HK$2.7 million, or a loss of 0 cents per share, compared to a loss of HK$1.9 million, or a loss of 0 cents per share, in the year-earlier period.