Asia Orient Holdings (HK:0214) has released an update.
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Asia Orient Holdings Limited has issued a positive profit alert, indicating a significant reduction in losses for the six months ending September 2024. The expected loss ranges from HK$210 million to HK$270 million, a notable improvement from the HK$619 million loss in the same period last year. This change is primarily due to increased profit from property development and reduced credit losses on financial investments.
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