In the profit warning, RENZE HARVEST's half-year loss reduced to no more than 50 million yuan

RENZE HARVEST (01282.HK) issued a profit warning, expecting a loss of no more than HKD 50 million for the six months ending in June, compared to a loss of HKD 143 million in the same period last year. The expected reduction in loss is mainly due to an increase in revenue; other income of HKD 160,000, compared to other losses of HKD 60.11 million in the same period last year; and a significant decrease in property inventory write-downs