<p>SH IND URBAN (00563.HK) issued a profit warning, expecting a loss of between HKD 470 million to 530 million for the six months ending in June, compared to a profit of HKD 232 million in the same period last year. This is mainly due to a decrease of approximately 45% in property sales revenue during the period; and a gross profit decrease of 50%-60%</p>

00563

<p>SH IND URBAN issued a profit warning, expecting a loss of between 470 million to 530 million yuan for the six months ending in June, compared to a profit of 232 million yuan in the same period last year. This is mainly due to a decrease of approximately 45% in property sales revenue and a gross profit reduction of 50%-60%</p>

"Profit Warning" SH IND URBAN's revenue and gross profit decreased, expected mid-term losses to increase