"Profit Alert" RUISEN LIFE SER forecasts a turnaround, expecting to earn at least 50 million RMB in six months

RUISEN LIFE SER (01922.HK) issued a profit warning, expecting a profit of between RMB 50 million and 60 million for the six months ending in September this year, compared to a loss of RMB 15.4 million in the same period last year. The turnaround from loss to profit is mainly due to the absence of financial asset impairment losses and parking deposit impairment losses during the period.

The company's shares will be suspended from trading starting August 28, 2024, and will remain suspended