Oshidori expecting positive 1H21 profit of HK$1.04 billion

Oshidori makes CSR push in Nagasaki

Oshidori International has announced that it’s expecting to record profit topping HK$1.04 billion ($130 million) in 1H21, compared with a HKD3.7 million loss registered in the first half of 2020.

The figure shows continual growth, after registering HK$2.8 billion in profit for the whole of 2020.

In early August, Oshidori announced that it was pulling out of the race to operate an integrated resort in Nagasaki, saying that the prefecture’s demands were “unreasonable”. The group also alleged that there could have been “serious ethical irregularities” in the process.

The group’s expected profit during the first half of the year is largely attributable to  a gain on an acquisition of an associate, totalling HKD1.14 billion, increase in profit from its financial services segment, of HK49.2 million and an increase of profit from its credit and lending segment of HKD48 million.