Kai Yuan Holdings Limited (HK:1215) has released an update.
Kai Yuan Holdings Limited has announced a positive financial turnaround, expecting to post a profit of HK$7.9 million for the first half of 2024, a significant improvement from a loss of HK$1.2 million in the same period the previous year. This profit is credited to increased other income and gains, reduced finance costs, and lower expected credit loss provisions. The company advises shareholders and potential investors to exercise caution when dealing in its securities, with final results to be released by the end of August 2024.
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