Midea Real Estate Expects H1 Profit to Rise

MT Newswires Live

08/19

Midea Real Estate (HKG:3990) said it expects to report a rise in its profit for the first half of the year, according to a Hong Kong bourse filing Monday.

The firm expects its attributable profit to rise to 250 million yuan to 350 million yuan from 140.7 million yuan a year earlier.

Midea Real Estate's financial results are due Aug. 27.

Shares of the real estate company jumped over 4% in afternoon trade Tuesday.

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