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CMBC Capital Holdings expects to report higher FY'18 profit

CMBC Capital Holdings Ltd. said it expects its profit attributable to shareholders for the year ending Dec. 31, 2018, to increase no less than 60%, compared to its net profit of about HK$118.3 million recorded for the nine months ended Dec. 31, 2017.

The Hong Kong-based company said Dec. 24 that the preliminary assessment is based on its unaudited consolidated management accounts for the 11 months ended Nov. 30. It added that it expects to release its final results in March 2019.

The company noted that the expected increase in profit is primarily driven by a rapid growth in revenues from its investment and financing segment and the asset management and advisory segment.