Gilston Group Ltd. Expects Significant Profit Increase, Forecasts HK$25-40 Million for First Half of 2025
Reuters
Aug 28
Gilston Group Ltd. Expects Significant Profit Increase, Forecasts HK$25-40 Million for First Half of 2025
Gilston Group Ltd. has issued a positive profit alert, indicating a significant increase in profit for the six months ended 30 June 2025. The company expects to record a profit attributable to equity shareholders in the range of HK$25 million to HK$40 million, compared to approximately HK$11 million in the same period the previous year. This increase is primarily attributed to the company's enhanced revenue and net profit share from the direct operation of Jiajinlong Car City, following its acquisition of a 90% stake in Shenzhen Jiajinlong Industrial Development Co., Ltd., and improved performance from its Zipper business, which contributed approximately HK$8 million in profit. The announcement is based on preliminary unaudited management accounts and may be subject to adjustments. Shareholders and potential investors are advised to exercise caution when dealing with the company's shares. The full results for the period are expected to be published before the end of August 2025.
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