Chi Asia Valley (00063.HK) announced on August 14th that the company is expected to have a meager shareholder profit not exceeding 4 million Hong Kong dollars for the six months ending on June 30, 2024, while a shareholder loss of approximately 2.7 million Hong Kong dollars was recorded in the same period last year.

The return to profit was mainly due to (i) an increase in rental income (excluding expenses) generated from the new leased property in the Silicon Valley Industrial Park; (ii) an increase in interest income; (iii) a reduction in property-related expenses; and (iv) fair value gains on investment properties.