Kaisa Group Holdings Ltd, whose shares resumed trading in Hong Kong for the first time in two years, said it’s confident of a business turnaround in 2017, after the developer reported its long-overdue financial results.
The Shenzhen-based developer’s 2016 loss narrowed to 612 million yuan, from a 2015 loss of 1.1 billion yuan (US$160 million), and a loss of 1.3 billion yuan in 2014, Kaisa said.
The earnings last year were “dragged down by a series of costs, as we have just…
Source : South China Morning Post
Read more…Kaisa eyes 2017 turnaround and 34pc growth in sales target
