China Chengtong Forecasts 63% Drop in H1 Profit

MT Newswires Live

08/21

China Chengtong Development Group (HKG:0217) said it expects its profit to decline in the first half of 2025, according to a Hong Kong filing Wednesday.

The firm expects to report HK$10 million in consolidated profit after tax for the period, down 63% from last year.

The company's financial results are due Aug. 25.

Shares of the property company fell over 3% in afternoon trade Thursday.

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