Differ Group Issues Positive Profit Alert for 2015 Annual Results; Expects Over 40% Increase in Net Profit

Mar 09, 2016 19:44 JST

Source: Differ Group Holding Company Limited

HONG KONG, Mar 09, 2016 - (ACN Newswire) - Differ Group Holding Company Limited ("Differ Group" or the "Group") (stock code: 6878), a leading provider of short- to medium-term financing and financing-related solutions in China, has again announced a positive profit alert. Net profit is expected to increase by more than 40% for the year ended 31 December 2015 as compared to 2014. The significant increase in is mainly attributed to i) the remarkable business growth of financial consultation income from financial service and entrusted loan interest income from express loan service and ii) the gain on disposal of distressed assets in the ordinary and usual course of the Group's asset management service.

Mr. Hong Mingxian, Chairman of Differ Group, said, "The year 2015 was challenging for the Chinese economy, but the transformation has created many business opportunities for the Group. We are very delighted and encouraged by the outstanding results recorded in our 2015 annual results. In order to explore potential strengths and synergies with existing operations, we are ready to capture the enormous opportunities presented by the "One Belt One Road" national policy and supportive government policies to the financial non-banking sector in China riding on our leading] position in the industry, while continuing our close cooperative relationships with financial institutions and banks."

In addition, Differ Group has been selected as a constituent stock in the Hang Seng Composite Index Series ("HSCI"), with effect from 14 March 2016 (Monday). As a comprehensive Hong Kong market benchmark, HSCI adopts the freefloat-adjusted market capitalisation methodology and covers the top 95% of the total market capitalisation of companies listed on the Main Board of the Stock Exchange of Hong Kong.

Mr. Hong concluded, "It is our honour to be selected as an HSCI constituent, which can further enhance our reputation in capital markets. We will continue our proactive business strategies and optimize our development prospects to strengthen our industry-leading position while bringing satisfactory returns to shareholders and investors."

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
Jenny Lam   +852 2864 4883  jennysy.lam@sprg.com.hk
Fax: +852 2804 2789 / +852 2527 1196

Source: Differ Group Holding Company Limited
Sectors: Daily Finance, Daily News