Kaisa Group Holdings Ltd. (HK:1638) has released an update.
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Kaisa Group Holdings Ltd. has issued a profit warning, expecting a net loss of RMB 8.8 to 9.8 billion for the first half of 2024, a significant increase from the RMB 6.6 billion loss in the same period the previous year. The decline is attributed to reduced property delivery and increased impairment provisions for property projects. Investors are cautioned to consider the company’s forthcoming detailed results announcement set for publication on August 29, 2024.
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