GUOTAI JUNAN INTERNATIONAL 2020 INTERIM RESULTS RECORD SECOND HIGHEST REVENUE IN HISTORY
KUALA LUMPUR, Aug 11 -- Guotai Junan International Holdings Limited (the Group or the Company) has announced its unaudited 2020 interim results for the six months ended June 30 (the Period).
During the Period, COVID-19 pandemic caused tough challenges to the global economy and inevitably, hit Hong Kong’s business environment. Nonetheless, the Company still maintained stable and resilient results.
Based on a statement, with the Group's enhanced anti-risk capability, its revenue achieved second highest history amount of HK$1,798 million (HK$100 = RM54.194)
Profit attributable to shareholders dropped by five per cent Year-on-Year (YoY) to HK$606 million while it increased by 136 per cent half-on-half compared to the second half last year.
Total costs reduced by 31 per cent YoY to HK$1,096 million, among which impairment provision decreased by 93 per cent YoY to HK$38.37 million.
On the other hand, the Board of Directors declared an interim dividend of HK$0.034 per share, with the payout ratio increasing four percentage points to 54 per cent.
As of June-end, cash and cash equivalents rose by 49 per cent YoY to HK$6,990 million and total assets under management of clients reached HK$151 billion, which was comparable to that at the 2019-end.
Loans and financing balance surged by 28 per cent to HK$14,987 million during the Period. More details on the results at http://www.gtjai.com
-- BERNAMA
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