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Guangdong Land (00124) expects profit attributable to shareholders to be no less than HK$240 million in the first three quarters, turning a year-on-year loss into profit
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According to Zhitong Finance App, Guangdong Land (00124) issued an announcement. It is expected that the Group will record unaudited profit attributable to the Company's holders of not less than HK$240 million for the nine months ending September 30, 2026, while the unaudited loss attributable to the Company's holders for the same period in 2025 is approximately HK$16 million.

The main factors affecting the Group's expected performance for the nine months ended September 30, 2026 include: due to the latest real estate market environment, the Group calculated a significant reduction in inventory impairment provisions during the review period compared to the same period in 2025 based on signs of impairment in some of the Group's property projects; the Group recorded a decrease in fair value loss (after deducting related deferred tax expenses) for investment properties during the review period compared to the same period in 2025; and the properties delivered by the Group during this review period were mainly the Foshan•Yuehai Yiguifu and Guangzhou•Yuehai Yungang City projects; sea The gross margin of the Yungang City project was high. The total floor area delivered during the review period was reduced, and the sales profit of the animal industry decreased compared to the same period in 2025.

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