Renze Harvest projects return to profitability with H1 2026 net profit of up to HK$30.00 million

Bulletin Express
Aug 25

Renze Harvest International Limited (Renze Harvest) issued a positive profit alert, indicating an expected consolidated profit of no more than HK$30.00 million for the six months ended 30 June 2026, contrasting with a HK$48.70 million loss recorded in the same period of 2025.

The turnaround is mainly attributed to two factors: 1. Finance costs fell sharply after the capitalisation of HK$40.20 million in interest on investment properties under construction, compared with no such capitalisation in the prior-year period. 2. An income tax credit of HK$15.50 million was recognised, reversing an income tax expense of HK$11.00 million in the first half of 2025.

These figures are derived from unaudited management accounts and remain subject to adjustment upon completion of the interim review. The company plans to announce full interim results in accordance with Hong Kong Listing Rules and the Securities and Futures Ordinance. Shareholders and potential investors are advised to exercise caution when dealing in Renze Harvest shares.

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