[ET Net News Agency, 18 August 2021] Kaisa Health Group Holdings Limited (00876) said
it is expected the group will record a profit attributable to the owners of the company in
the range of HK$55 million to HK$65 million for the six months ended 30 June 2021, as
compared to the loss attributable to the owners of the company in the amount of
approximately HK$6 million for the six months ended 30 June 2020.
The turnaround was mainly due to (i) the group recorded a 36% overall increase in terms
of income for the six months ended 30 June 2021 as compared with the corresponding period
in 2020, due to significant increase in domestic orders which resulted in an increase in
gross profit of approximately HK$17 million; (ii) the fair value gain of financial assets
at fair value through profit or loss of approximately HK$48 million for the six months
ended 30 June 2021 as compared with the corresponding period of approximately HK$10
million in 2020; and (iii) the reversal of expected credit loss on a loan receivable
(which was formerly a convertible bonds receivable before 25 March 2021) of approximately
HK$25 million for the six months ended 30 June 2021 as compared with the corresponding
period in 2020 which was nil. (RC)