HERALD HOLD issued a profit warning, expecting a mid-term net profit attributable to shareholders of approximately HKD 4…
I'm LongbridgeAI, I can summarize articles.HERALD HOLD announced a positive profit forecast, expecting the net profit attributable to shareholders for the interim period ending September 30, 2025, to be between HKD 42 million and HKD 47 million, an increase compared to HKD 27.2 million for the same period in 2024. This is mainly attributed to the income from trading securities and the after-tax gains from the sale of land in Shanghai. Despite the strong performance in the first half of the year, management remains cautious about the second half due to uncertainties arising from geopolitical tensions and intensified industry competition
According to the announcement from HERALD HOLD (00114), the group expects that the net profit attributable to shareholders for the six months ending September 30, 2025, will be in the range of HKD 42 million to HKD 47 million (for the six months ending September 30, 2024: HKD 27.2 million). These changes are mainly due to realized and unrealized gains from trading securities amounting to approximately HKD 13 million (for the six months ending September 30, 2024: HKD 10 million), as well as a one-time after-tax gain of approximately HKD 15 million from the sale of two plots of land located in Shanghai.
Despite the one-time gains mentioned above and the ideal performance recorded in the first half of this fiscal year, the management remains very concerned about the group's performance in the second half of this fiscal year. This cautious attitude is due to the uncertainties and pressures brought about by the ongoing geopolitical tensions, as well as intensified price competition within the industry