Kaisa Prosperity Forecasts Surprising Profit Turnaround

Kaisa Prosperity Holdings Ltd. (HK:2168) has released an update.

Kaisa Prosperity Holdings Ltd. has announced a positive profit alert, expecting to report a net profit of no less than RMB50.0 million for the first half of 2024, a significant turnaround from the net loss of RMB96.9 million in the same period last year. The company attributes the improved financial performance largely to a substantial reduction in loss allowance on trade receivables from related parties. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities until the final results are published.

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