KOALA FIN GP released its annual performance, with a loss attributable to shareholders of HKD 24.283 million, turning from profit to loss year-on-year
KOALA FIN GP released its annual performance for the year ending December 31, 2024, reporting a revenue of HKD 24.012 million, a year-on-year decrease of 21.42%. The loss attributable to shareholders was HKD 24.283 million, compared to a profit of HKD 7.745 million in the same period last year, with a loss per share of HKD 0.0582. The significant increase in net loss was attributed to the impairment of receivables from margin clients, a decrease in interest income from margin financing business, and losses from changes in the fair value of financial assets
According to the Zhitong Finance APP, KOALA FIN GP (08226) announced its annual performance for the year ending December 31, 2024. The group achieved revenue of HKD 24.012 million, a year-on-year decrease of 21.42%; the loss attributable to shareholders was HKD 24.283 million, compared to a profit of HKD 7.745 million in the same period last year; the loss per share was HKD 0.0582.
The announcement stated that the significant increase in net loss was due to the impairment of receivables from margin clients, a decrease in interest income from margin financing business, and losses from changes in the fair value of financial assets
