New | COL Capital turns around
Investment holding firm COL Capital has turned around with a profit of HK$927.9 million for the year to June on the back of a sharp increase in revaluation gains on its investments.
The profit was largely a result of the gain in the fair value of its securities investments of HK$765.47 million and derivative instruments of HK$69.45 million.
COL Capital suffered a loss of HK$780.71 million last year.
Turnover in the current accounting period jumped 285 per cent to HK$131.98 million. By June, the group maintained a portfolio of ready-to-sale investments of HK$168.73 million and a trading portfolio of HK$1.54 billion.
The group’s principal business is investment holding. Through its subsidiaries, it also engages in securities trading and investments, financial services, property investment and development, management and operation of health-care businesses and trading of medical equipment and related supplies.
