Capital Estate Limited (HK:0193) has released an update.
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Capital Estate Limited has announced a significant turnaround, expecting a profit of at least HK$4 million for the year ending July 2024, compared to a HK$30 million loss the previous year. This improvement is attributed to increased revenue from hotel operations, property sales, and a substantial profit from an associate. Investors are advised to be cautious as these figures are preliminary and unaudited.
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