DYNAMIC HOLD (00029) issued a profit warning, expecting that the mid-term comprehensive net loss attributable to shareholders will be approximately HKD 42 million.

DYNAMIC HOLD (00029) announces that the company expects to incur a comprehensive net loss attributable to shareholders of approximately HK$42 million for the 6 months ending on December 31, 2024, compared to a comprehensive net profit of HK$5.366 billion for the previous 6 months ending on December 31, 2023. The decrease in profit is mainly attributed to the one-time fair value gain of approximately HK$5.38 billion recognized in the previous period from the distribution of land by a joint venture to the group, as well as a decrease in the fair value of property investments by approximately HK$13 million in the previous period to approximately HK$64 million in the current period due to a subdued market environment. These factors are non-cash in nature.