Asia
Fu Shek Financial Forecasts Rise in Full-Year Profit; Shares Plunge 13%
Fu Shek Financial (HKG:2263) expects a net profit of HK$10.3 million for the year ended March 31, up from HK$2.9 million a year prior, according to a Tuesday Hong Kong bourse filing.Shares of the financial services provider were down 13% in Wednesday afternoon trading.The company attributed the forecast to a rise in income from commission and brokerage on securities dealing, higher handling and other fees, and interest from margin financing services.
HKG:2263
