Emperor Capital (HK:0717) Issued Positive Profit Alert

Emperor Capital Group Ltd (HK:717) issued a positive profit alert, expects to record a significant increase in the consolidated profit for the six months ended 31 March 2016 as compared with the corresponding period in 2015. Such expected increase is mainly attributable to the increase in interest income from the money lending business benefiting from a stronger capital base of the Group resulting from the Company’s fund raising exercises completed in June and July 2015 and the Group’s strategic focus on the expansion of its money lending business.

The stock was recommended in this blog on 18 April 2016.

Click here for the link to the official announcement from www.hkexnews.hk.