MIDEA REAL EST (03990) Issues Profit Alert, Expects H1 Profit from Continuing Operations Attributable to Owners to Rise to RMB 250-350 Million
Stock News
Aug 18
MIDEA REAL EST (03990) announced that compared to the profit from the group's continuing operations attributable to owners of approximately RMB 141 million and core net profit attributable to owners of approximately RMB 142 million for the six months ended June 30, 2024, the company expects its profit from continuing operations attributable to owners for the first half of 2025 to range between RMB 250 million and RMB 350 million, while core net profit attributable to owners is also expected to be between RMB 250 million and RMB 350 million. The increase is primarily attributable to development services becoming a new business segment for the group following the completion of distribution in kind and disposal on October 22, 2024.
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