Zhongyu Land (01224) expects net profit attributable to shareholders of approximately HK$30 million in the medium term, turning a year-on-year loss into profit

Zhitong Finance App News, Zhongyu Land (01224) issued an announcement. According to the initial review of the Group's latest unaudited comprehensive management accounts for the six months ended June 30, 2026 and the information currently obtained by the board of directors, the Group is expected to turn a loss into a profit, with a net loss of approximately HK$37 million from the same period in 2025 to net profit attributable to shareholders of approximately HK$30 million for the six months ended June 30, 2026. The Board wishes to emphasize that the expected net profit is mainly due to an increase in fair value earnings from the revaluation of the Group's investment properties located in the UK on June 30, 2026. Some of the expected profits were offset by a decrease in exchange earnings during the reporting period.