"Profit Warning" SHUNHO PROPERTY expects net loss after tax reassessment and depreciation to expand to a maximum of 139 million yuan

SHUNHO PROPERTY (00219.HK) issued a profit warning, expecting that the net profit attributable to the company's owners after tax, excluding revaluation and depreciation, for the six months ending June 30, 2025, will not be less than HKD 78 million, an increase of over 28% compared to approximately HKD 61 million for the same period last year. If revaluation and depreciation of approximately HKD 217 million are taken into account, the net loss attributable to the company's owners after tax, including revaluation and depreciation, will not exceed HKD 139 million, widening from approximately HKD 93 million for the same period in 2024, mainly due to the weak property market leading to a decline in non-cash property valuations