CHEUK NANG HOLD Issues Positive Profit Alert, Anticipates Interim Profit Attributable to Owners of HK$180 Million

Stock News
Feb 24

CHEUK NANG HOLD (00131) announced that the group expects to record a profit attributable to owners of approximately HK$180 million for the six months ending December 31, 2025. This represents a significant turnaround compared to a loss attributable to owners of approximately HK$50 million in the corresponding period of 2024. According to the announcement, the return to profitability is primarily due to a reversal in the fair value change of the group's investment properties. The fair value changed from a negative movement of about HK$22 million during the 2024 period to a positive movement of approximately HK$200 million during the 2025 period. Additionally, increased property sales from the group's real estate project located in Shenzhen, People's Republic of China, contributed to higher revenue and gross profit for the group.

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