POLY PROPERTY (00119) announced that the group anticipates profit attributable to owners of the company for the six months ended June 30, 2025, to decline by 40% to 50% compared to the same period last year. The decrease in profit attributable to owners is primarily attributed to higher-than-expected land value-added tax on certain projects settled during the period, increased sales expenses due to intensified market competition, and a reduction in the proportion of profit attributable to the company's owners.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.