TOMSON GROUP issues a profit warning, expecting a substantial increase of approximately 6 to 7 times in after-tax consolidated profit attributable to shareholders for the interim period compared to the same period last year
TOMSON GROUP expects that the interim shareholders' profit after tax for the period ending June 30, 2025, will increase significantly by approximately 6 to 7 times year-on-year, mainly due to the recognition of substantial sales revenue from its residential project, TOMSON JUNPIN Phase 1, after its delivery in Shanghai
According to the Zhitong Finance APP, TOMSON GROUP (00258) announced that it expects the group's consolidated profit attributable to shareholders after tax for the six months ending June 30, 2025, to increase significantly by approximately 6 to 7 times compared to HKD 103.67 million for the same period in 2024.
The announcement stated that the expected growth in consolidated profit is mainly attributed to the recognition of substantial sales revenue after the delivery of properties to buyers for the first phase of the residential development project—TOMSON Junpin—located in Shanghai, People's Republic of China, during the review period
