GBA Group (00261) expects losses attributable to shareholders for the medium term to narrow year-on-year to approximately HK$2010 million

According to Zhitong Finance App News, GBA Group (00261) issued an announcement. According to the information currently available to the board of directors and the board's preliminary review of the Group's unaudited comprehensive management accounts for the six months ended June 30, 2026 (first half of 2026), the Group expects that the Group will obtain gross profit of approximately HK$2.4 million in the first half of 2026, while the Group will obtain a gross loss of approximately HK$27.9 million for the six months ended June 30, 2025 (first half of 2025). The shift from gross loss to gross profit was mainly due to a reduction in impairment losses on holding sold properties and properties under development.

The Group expects to obtain losses attributable to the Company's owners of approximately HK$2010 million in the first half of 2026, while losses attributable to the Company's owners in the first half of 2025 are approximately HK$43.2 million. The drastic reduction in losses attributable to the Company's owners was mainly due to the reduction in impairment losses from holding sold properties and properties under development.