Author: jsbjosette
Hong Kong – HKMC’s financial results highlights for first half of 2021
HKMC’s financial results highlights for first half of 2021 ********************************************************** The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Mortgage Corporation Limited (HKMC) today (October 7) announced the highlights of its unaudited consolidated financial results for the first six months of 2021 (1H 2021) as follows: 2021 Half-year unaudited financial results highlights The unaudited loss after tax of the HKMC for 1H 2021 was HK$24 million (1H 2020: HK$197 million), which was primarily due to: (a) the booking of commission expenses upfront for new mortgage insurance policies underwritten while the corresponding premium ... Read more