Poly Property's Warns of Up to 50% Drop in H1 Profit

MT Newswires Live

08/01

Poly Property Group (HKG:0119) expects a 40% to 50% year-over-year decline in attributable profit for the first half of 2025, a Friday Hong Kong bourse filing said.

The property developer attributed the forecast to the recognition of high land appreciation tax on certain projects and higher selling expenses.

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