Property News · March 27, 2017

Kaisa eyes 2017 turnaround and 34pc growth in sales target


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

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