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2020-08-03 17:21:09
KAISA PROSPER (02168) sees 1H profit up over 30%

(Infocast News) Kaisa Prosperity Holdings Limited (02168) announced that the consolidated net profit attributable to owners of the company and the adjusted profit for the six months ended 30 June 2020 are expected to record an increase by more than 30% and 40% respectively as compared to the corresponding period in 2019.

Such increase was mainly attributable to the increase in gross floor area of properties under management by the group; consolidation of the financial results upon the completion of acquisition of 60% and 51% equity interest in Jiaxing Dashu Property Management Company Limited and Jiangsu Hengyuan Property Management Company Limited, respectively; and the growth in revenue from smart solution services.

(WL)