China Asia Valley Group Limited (HK:0063) has released an update.
China Asia Valley Group Limited reports a positive shift in financial performance, with a projected profit of up to HK$4 million for the first half of 2024, a significant improvement from the HK$2.7 million loss in the same period of the previous year. This turnaround is primarily due to increased rental and interest income, reduced property expenses, and fair value gains on investment properties. Investors are advised to exercise caution and await the detailed interim results expected by the end of August 2024.
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