NIMBLE HOLDINGS (00186) issued a profit warning, expecting a mid-term profit of approximately 15 to 30 million Hong Kong dollars, a year-on-year decrease.

NIMBLE HOLDINGS (00186) announced that the group is expected to achieve a profit of approximately 15 million to 30 million Hong Kong dollars for the six months ending on September 30, 2024, compared to a profit of approximately 110 million Hong Kong dollars for the six months ending on September 30, 2023. The group anticipates a decrease in profit compared to the corresponding period due to a decrease in gross profit margin from completed and delivered properties during this period, resulting in a decrease in gross profit (corresponding period: HK$171 million); no litigation settlement income was obtained during this period (corresponding period: HK$24 million); and impairment losses on developing properties and completed properties held for sale incurred during this period (corresponding period: none).