Joint Group (00373) issued a profit warning. It is expected that the comprehensive profit attributable to shareholders for the medium term will decrease by about HK$200 million to HK$400 million year-on-year

Zhitong Finance App News, Joint Group (00373) issued an announcement. It is expected that the consolidated profit attributable to the Company's shareholders for the six months ended June 30, 2026 (2026 interim results) will be between about HK$200 million to HK$400 million, while the comprehensive profit attributable to the Company's shareholders for the six months ended June 30, 2025 is approximately HK$1.7 billion. The decline in profit was mainly due to Tianan's share loss, while accrued profit for the six months ended June 30, 2025. This was due to the fact that Tianan and its joint ventures did not deliver major property development projects to customers during the six-month period ending June 30, 2026, and the decline in property sales of Tianan and its joint ventures due to the downturn in the mainland real estate market.