KRP DEVELOPMENT (02421) Issues Profit Warning, Expects Interim Shareholder Profit to Drop Approximately 50% YoY

Stock News
Nov 14, 2025

KRP DEVELOPMENT (02421) announced that it expects the profit attributable to equity holders for the six months ending September 30, 2025, to decline by approximately 50% compared to the same period in 2024. The decrease is primarily due to (i) reduced property sales caused by ongoing market volatility in China's real estate sector, and (ii) a decline in the fair value of the group's investment properties. Despite these challenges, the company maintains a strong financial position with net cash and no bank borrowings since its listing. The board believes the group remains financially stable and operationally resilient.

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