Emperor Capital Group's net profit rebounds to $66.4m in 2024

Basic earnings per share stood at $0.98.

Emperor Capital Group Limited reported a net profit of $66.4m for the year ended 30 September, a rebound from last year’s net loss of $160.6m, its report showed. 

Revenue rose by 20.5% to $531.6m, driven by improvements across key business segments, whilst net impairment allowances decreased to $158.9m.

The group's wealth solutions segment’s revenue surged 165.6% to $278m, accounting for 52.3% of total revenue despite challenging stock market conditions. 

The financing segment contributed $242.8m, whilst the corporate finance segment recorded a slight decline in revenue, dropping to $10.8m from last year’s $13.3m.

Basic earnings per share stood at $0.98.

Daisy Yeung, chairperson of Emperor Capital Group, attributed the improved sentiment and increased activity across various sectors to interest rate cuts by the US Federal Reserve.