Differ Group Issues Positive Profit Alert again for 4 Consecutive Quarters

Apr 20, 2015 21:20 JST

Source: Differ Group Holding Company Limited

Expects Substantial Increase in 2015 1st Quarter Net Profit Exceeding 60%

HONG KONG, Apr 20, 2015 - (ACN Newswire) - Differ Group Holding Company Limited ("Differ Group" or the "Group") (stock code: 8056), a leading provider of short-to-medium-term financing and financing-related solutions in China, has announced a positive profit alert. Net profit for the three months ended 31 March 2015 is expected to increase by more than 60% as compared to the corresponding period last year, mainly derived from the remarkable business growth of its financial consultation service and entrusted loan service.

Differ Group Issues Positive Profit Alert again for 4 Consecutive Quarters

Mr. Hong Mingxian, Chairman of Differ Group, said, "We are very delighted and encouraged with the Group's entering a rapid growth stage and the outstanding results recorded for the fourth consecutive quarter. The Group has submitted the formal application to Hong Kong Stock Exchange for the transfer listing to the Main Board last month. We believe that the initiative can enhance our reputation, attract greater attention from potential investors, enhance our overall competitiveness, further consolidate our leading position in the financing service industry and also lay a solid foundation for long-term business development. We are carefully monitoring market trends and the development of free-trade zone, and capturing the opportunities brought by the "One Belt One Road" national policy along with exploring potential strengths and synergies with existing operations. The Group is also seeking to develop new businesses such as P2P loans and internet microfinance to broaden its income stream, so as to create greater value for shareholders."

With rapid and steady business growth, Differ Group ranks 11th in the 2015 list of "China's Top 100 Most Promising Listed Companies" compiled by Forbes, the highest ranked company in the consumer credit sector. Forbes has evaluated small and medium-sized listed companies with major operations in Mainland China and revenue ranging from RMB10 million to RMB1 billion in 2013 and based on growth indicators (revenue growth rate and net profit growth rate), profit indicators (margins), return indicators (total assets return and net assets return) and scale indicators (revenue scale and net profit scale) in order to rank the 100 best performers with high growth potential.

Mr. Ng Chi Chung, Chief Executive Officer of Differ Group, said, "Selection as one of 'China's Top 100 Most Promising Listed Companies' by internationally renowned media Forbes in 2015 represented major recognition and encouragement to us. We have confidence in the prospects of the China's loan industry and are poised to strengthen the foundation of our existing financing and consultation service businesses and develop distressed asset management business in order to maintain strong growth momentum."

Contact:

Strategic Financial Relations Limited
Heidi So     +852 2864 4826   heidi.so@sprg.com.hk
Janet Fong   +852 2864 4817   janet.fong@sprg.com.hk
Angel Li     +852 2864 4859   angelok.li@sprg.com.hk
Fax: +852 2804 2789 / +852 2527 1196

Source: Differ Group Holding Company Limited
Sectors: Daily Finance