DL Reports Steady Growth in 1H FY24, Accelerate Global Expansion

德林控股集团有限公司
2024-12-03

DL Holdings Group Limited yesterday announced its interim results for the fiscal year 2024-2025, ending September 30, 2024. The Group achieved approximately HKD 83.05 million in revenue, with a gross profit of about HKD 62.26 million, and the net profit of approximately HKD 7.7 million, marking a year-on-year growth of about 10%.

Despite facing adverse macroeconomic conditions and geopolitical factors, the Group's licensed financial services revenue decreased by approximately 35.6%. This decline was primarily attributed to reduced revenue from placement securities-related financial advisory services and corporate financial advisory services. Additionally, the Group's apparel business continued to shrink due to intense competition and international trade conflicts, with revenue dropping to HKD 1.8 million. However, the Group's gross profit increased by approximately 22.4%, driven by higher contributions from family office services.

DL Holdings is headquartered in Hong Kong SAR and has established permanent offices in Shanghai, San Francisco, Singapore, and Tokyo. The Group is set to subscribe shares in DL Holdings(Japan) Limited and to complete the acquisition of a wealth management company in Singapore, laying a solid foundation for expanding into the Japanese and Southeast Asian-Middle Eastern markets. Following the acquisitions, the Group will also open offices in Dubai and Zurich, accelerating its global expansion and demonstrating its potential for significant growth.

Currently, the Group has moved into the "DL Tower" at 92 Wellington Street, Central, showcasing its confidence in Hong Kong's economic development and commercial real estate.

Photo: DL Tower in Central

(Photo copyright belongs to DL Holdings)

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