BAOYE GROUP (02355) Issues Profit Warning, Expects Interim Net Profit to Drop About 63%

Stock News
2025/08/22

BAOYE GROUP (02355) announced that for the six months ended June 30, 2025, the company's attributable profit is expected to decline by approximately 63% compared to the same period in 2024. The group's revenue is also expected to decrease by approximately 33% compared to the same period in 2024. The expected decline is primarily attributed to the industry downturn, which has led to significant drops in both revenue and profit from the group's construction and property development businesses.

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