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2026-10-16 17:45:14 GD LAND (00124.HK) issued a positive profit alert, expecting to record a profit of no less than HKD240 million for the nine months ended 30 Sep 2026, compared with a loss of approximately HKD16 million in the same period last year. The expected turnaround from loss to profit was mainly attributable to a substantial decrease in inventory impairment provisions during the period under review compared with the same period in 2025, due to the latest property market environment and impairment indicators for certain property projects of the Group. In addition, fair value losses on investment properties (after deducting related deferred tax expenses) recorded during the period under review decreased compared with the same period in 2025. However, the properties delivered during the period under review were mainly the Foshan GD One Mansion project and the Guangzhou GD Yungang City project. Among them, the Guangzhou GD Yungang City project recorded a higher gross profit margin. The decrease in total gross floor area delivered during the period under review led to a decrease in profit from property sales compared with the same period in 2025. (da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |