Hong Kong, June 27, 2014 - (ACN Newswire) - OP Financial Investments Limited (the "Company" or "OPFI," Stock Code: 01140.HK), an investment company that develops customized investment solutions, is pleased to announce its audited annual results for the year ended 31 March 2014 (the "Year").
During the reporting period, the annual results of OPFI's core businesses were in line with management's expectations while substantial strategic progress had been achieved.
The Company returned to profitability and recorded an after tax profit of HK$47.2 million (2013: HK$12.8 million). Basic earnings per share were HK5.02 cents (2013: HK1.36 cents). The Board has announced a dividend of HK 5 cents per share. Net assets per share grew from HK$1.35 to HK$1.41 per share.
Financial Highlights (For the year ended 31 March 2014)
2014 (HK$'000) 2013 (HK$'000)
Revenue 30,488 29,591
Profit for the year 47,220 12,812
Basic earnings per share HK5.02 cents HK1.36 cents
Net assets per share HK$1.41/share HK$1.35/share
The Company's direct investment portfolio performed well having finalized its divestment from its position in an insurance brokerage returning over 2x since inception. OPFI's investments in the financial sector also grew by 36% to HK$142.7 million
(2013: HK$104.7 million
). Meanwhile, the Company increased its investments in incubated funds on the back of a strong market recovery during the year.
Mr. Zhang Zhi Ping
, Executive Director and Chairman of OPFI concluded, "We are pleased with our progress this year - harvesting gains on investments wed seeded years ago. More importantly, we are proving that we can consistently generate and return value through our investment model. We will continue this strategy with maturing investees who are now at the inflection point of growth. Moving forward, we see exciting opportunities in China
in the pharmaceutical and green energy space; and abroad where outbound investment activity has continued to increase in other developing countries. As always, OPFI will be at the forefront of these global shifts.
About OP Financial Investments Limited
OP Financial Investments Limited is an investment company incorporated in the Cayman Islands
as an exempted company with limited liability under the Companies Law of the Cayman Islands
. The Company's shares are listed on the Main Board of HKEx
(Stock code: 1140). OP Financial develops customized investment solutions leveraging proprietary capital and co-investment structures to access scalable opportunities. Whilst achieving optimum capital growth, OP Financial also generates returns through the management of vehicles founded to develop, organize, and execute investment projects on behalf of itself and its co-investors. OP Financial also focuses on developing partnerships with major financial players to build a finance services platform that can generate steady fee-based income. For more details, please visit http://www.opfin.com.hk
Source: OP Financial Investments Limited
OP Financial Investments Limited
27/F, Two Exchange Square, 8 Connaught Place, Central, Hong Kong
Tel : (852) 2842 5888
Fax : (852) 2842 5833
Email : email@example.com
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