Kai Yuan Holdings Anticipates Turnaround to Profit in 2024

MT Newswires Live

2025/03/04

Kai Yuan Holdings (HKG:1215) expects a profit attributable to owners of HK$35.8 million in 2024, against a loss of HK$2.4 million for 2023, a Friday Hong Kong bourse filing said.

The heat energy company attributed the expected turnaround to an increase in revenue from its Paris Marriott Hotel Champs-Elysees and the reversal of impairment on convertible bonds.

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