RENZE HARVEST INTERNATIONAL (01282.HK): Expected to Turn Profitable in H1, Profit Not Exceeding HK$30 Million

NewTimeSpace News: On August 25, 2026,RENZE HARVEST INTERNATIONAL(01282.HK) issued a positive profit forecast. Based on preliminary review of unaudited consolidated management accounts, the Group expects consolidated profit for the period to be no more than approximately HK$30 million, versus a consolidated loss of about HK$48.7 million in the corresponding period of last year.

According to the announcement, the turnaround is mainly attributable to lower finance costs. Interest capitalisation of approximately HK$40.2 million was recognised for investment properties under development during the period (no such item recorded in the same period last year). In addition, an income tax credit of around HK$15.5 million was recognised, compared with income tax expense of HK$11 million for the prior‑year period. The Company cautions that the above figures are preliminary estimates and have not been reviewed by the auditors or audit committee. Interim results will be announced in due course in compliance with relevant requirements.

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