[Corporate Earnings Surprise] ANALOGUE HLDGS expects mid-term profit to increase by up to 92%

ANALOGUE HLDGS expects its interim profit for the six months ending June 30 to increase by 79.5% to 91.8%, ranging from HKD 145 million to HKD 155 million. The increase is mainly due to the recognition of gains from the sale of shares in its associate company, Nanjing Jialitu. Excluding one-time gains, the profit is expected to decrease by approximately 47.4% to 59.8%, primarily due to project phase segmentation and increased costs. The group will announce its results in August

According to a report from Economic Information Daily on the 28th, ANALOGUE HLDGS (01977) announced that it expects its interim profit for the six months ending June 30 to be between HKD 145 million and HKD 155 million, an increase of approximately 79.5% to 91.8% year-on-year.

The group stated that the estimated increase in profit is mainly due to the recognition of sale proceeds from the sale of approximately 3% of its associate company Nanjing Jialitu (Shanghai: 603912) during the period from March 25 to last Thursday (23rd). Excluding the one-time sale proceeds from this transaction, the estimated profit is expected to be between HKD 32.5 million and HKD 42.5 million, adjusted to reflect a decrease of approximately 47.4% to 59.8%, primarily due to project phase segmentation and estimated project cost increases in the first half of this year.

The group expects to announce its results in August. (wh)