RS MACALLINE (01528) announced its financial results for the three months ended March 31, 2026. The group reported operating revenue of 1.548 billion yuan, a decrease of 4.15% compared to the same period last year. However, net profit attributable to owners of the parent company was 47.68 million yuan, a significant turnaround from a loss of 513 million yuan in the prior year period. Basic earnings per share were 0.01 yuan.
The decline in operating revenue was primarily attributed to a reduction in the number of shopping malls compared to the previous year, coupled with a slowdown in project progress within the company's other business segments, which collectively impacted the period's revenue. Despite this, the rental rates per unit for mall leasing and operations have stabilized after a period of decline, and the occupancy rate has continued to improve. These factors indicate an enhancement in the core business operations and a marked increase in the operational quality of individual malls. Owing to these counteracting influences, the overall change in operating revenue was relatively minor compared to the same period last year.
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