RENZE HARVEST (01282) issued a positive profit alert, expecting a comprehensive profit of no more than approximately HKD 30 million for the first half of the year, turning from a loss to a profit compared to the same period last year.

RENZE HARVEST (01282) announced that the Group expects to achieve a consolidated profit of no more than approximately HK$30 million for the six months ending June 30, 2026, compared to an unaudited consolidated loss of approximately HK$48.7 million for the same period in 2025, marking a turnaround to profit. The expected turnaround to profit is primarily due to: a decrease in financing costs, mainly due to the capitalization of interest expenses amounting to approximately HK$40.2 million related to the development of investment properties during the period, whereas no interest capitalization was recorded for the six months ending June 30, 2025; and the recognition of an income tax credit of approximately HK$15.5 million for the current period, compared to an income tax expense of about HK$11 million for the same period in 2025.