GD LAND (00124) Issues Profit Alert, Expects Attributable Profit of Not Less Than HK$240 Million for First Three Quarters, Turning Around from Year-Earlier Loss

Stock News10-16

GD LAND (00124) has issued a profit alert, expecting to record unaudited profit attributable to owners of the company of not less than HK$240 million for the nine months ended 30 September 2026, compared with an unaudited loss attributable to owners of the company of approximately HK$16 million for the same period in 2025.

The main factors affecting the expected results of the group for the nine months ended 30 September 2026 include: amid the impact of the latest real estate market environment, and based on indications of impairment in certain property projects of the group, the group made inventory impairment provisions during the review period that were substantially reduced compared with the same period in 2025; the group recorded a loss on fair value of investment properties (net of related deferred tax expenses) during the review period that was reduced compared with the same period in 2025; and the properties delivered by the group during the review period were mainly the Foshan GD Yuehai Yiguifu and Guangzhou GD Yuehai Yungangcheng projects; among them, the Guangzhou GD Yuehai Yungangcheng project had a relatively high gross profit margin, while the total gross floor area delivered during the review period decreased, leading to a reduction in property sales profit compared with the same period in 2025.

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