Southeast Asia Properties Expects Profit Surge

Southeast Asia Properties & Finance Limited (HK:0252) has released an update.

Southeast Asia Properties & Finance Limited has announced the postponement of its board meeting originally scheduled for June 26, 2024, to June 28, 2024, due to additional audit work required after resolving a customer complaint related to a subsidiary’s fund transfer issue. Additionally, the company has issued a positive profit alert, expecting to double its net profit to HK$60 million for the year ended March 31, 2024, primarily due to gains from the revaluation of an associate’s land. Shareholders and potential investors are cautioned to await the finalized annual results for more accurate information.

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