Y.T. Realty (00075.HK) announced on August 23rd that for the six months ending June 30, 2024, the group is expected to record a net comprehensive surplus attributable to shareholders of approximately HKD 10 million to HKD 20 million, compared to a net loss of HKD 117.1 million in the same period last year.

The expected turnaround from loss to profit is mainly due to the increase in property sales revenue, which leads to an increase in net income, and the reduction in revaluation losses on investment properties by the group. However, this is offset by impairment losses on several property development projects.