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Convoy Financial Services Holdings Ltd Comments On FY 2012 Profit Guidance


Thursday, 31 Jan 2013 05:12am EST 

Convoy Financial Services Holdings Ltd announced that the Group expects to record a substantial decrease in net profit for fiscal 2012 as compared with the net profit recorded by the Group for fiscal 2011. The substantial decrease in net profit was primarily attributable to the increase in operating expenses due to the regional business expansion of the Group in the People’s Republic of China and the one-off expense of the relocation of the Company’s Hong Kong office premises; and the increase in commission expenses due to new incentive scheme to consultants. 

Company Quote

1.11
0.05 +4.72%
28 Jul 2014