HONG KONG — Flying Financial Service Holdings Limited (Stock Code: 8030.HK) (“Flying Financial” or “Company” and its subsidiary companies called “Group”) was pleased to announce that Based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2016, it is anticipated that the Group’s consolidated profit attributable to owners of the Company for the year ended 31 December 2016 would increase significantly by approximately 140% as compared to the corresponding period in 2015.
The rise in consolidated profit attributable to owners of the Company was primarily attributable to (i). investment income of approximately RMB135 million generated from the investments in property development projects for the year ended 31 December 2016 (corresponding period in 2015: approximately RMB45 million); (ii). platform service income of approximately RMB30 million generated from the financial services platforms (corresponding period in 2015: RMB5 million); and (iii). increase in financial consultation service income to approximately RMB106 million (corresponding period in 2015: approximately RMB52 million).