Author: angeliaverdon54
Hong Kong – HKMC’s Financial Results Highlights for 2020
HKMC’s Financial Results Highlights for 2020 ************************************************* The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Mortgage Corporation Limited (HKMC) today (May 12) announced the highlights of its audited consolidated financial results for 2020 as follows: 2020 Financial Results Highlights The audited loss after tax of the HKMC was HK$362 million (profit after tax for 2019: HK$317 million). The decrease in profitability was primarily attributable to: (1) the booking of increasing upfront commission expenses arising from the significant surge in the volume of new mortgage insurance policies underwritten ... Read more