Kai Yuan Holdings Limited (HK:1215) has released an update.
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Kai Yuan Holdings Limited has reported a turnaround to profit with HK$7,925,000 for the six-month period ending June 30, 2024, a notable improvement from a loss of HK$1,169,000 in the same period the previous year. This performance is attributed to an increase in revenue to HK$143,797,000 and a reduction in finance costs and administrative expenses. The earnings per share for the period have also shifted from a loss to a gain, reflecting a positive trajectory for the company’s financial health.
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