Zhong Ao Home Anticipates Over 9% Profit Growth in 2025; Shares Jump 8%
MT Newswires Live
Mar 24
Zhong Ao Home (HKG:1538) expects profit attributable to owners of about 97 million yuan to 100 million yuan for 2025, up 9% from about 89 million yuan a year earlier, according to a Monday Hong Kong bourse filing.
Shares of the property manager were up nearly 8% in Tuesday's late morning trade.
The anticipated increase was mainly driven by higher gross profit on revenue growth and improved margins, as well as effective cost control and lower impairment losses.
The company expects to publish its annual results on March 27.
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