Cinda Asset Management Expects Up to 50% Decline in 2024 Profit

MT Newswires Live

2025/01/27

China Cinda Asset Management (HKG:1359) expects its net profit attributable to shareholders to drop by about 40% to 50% year on year in 2024, a Monday filing with the Hong Kong Exchange said.

The asset manager attributed the forecast to the changes in industry conditions and the negative impact of market conditions on the investment income of certain equity assets.

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