Kaisa Warns of Wider Loss in H1; Shares Gain 1%

MT Newswires Live

2025/08/22

Kaisa Group (HKG:1638) expects to record an attributable loss of not more than 11.0 billion yuan for the first half of 2025, compared with a loss of 9.1 billion yuan a year earlier, according to a Thursday Hong Kong bourse filing.

Shares of the property developer gained over 1% in Friday's late-morning trade.

The company said the expected increase in losses was mainly due to lower recognized revenue from a decrease in property deliveries and higher impairment provisions for property projects.

Kaisa plans to publish its interim results on Aug. 28.

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