SHENZHEN INT'L (00152) announces a profit increase, with an expected annual profit attributable to shareholders of approximately HK$2.8 billion to HK$3.1 billion, representing a year-on-year increase of approximately 53% to 63%.

SHENZHEN INT'L (00152) announced that the Group is expected to achieve a net profit attributable to shareholders of approximately HK$2.8 billion to HK$3.1 billion for the year ending December 31, 2024 (current year), representing an increase of around 53% to 63% from 2023. In 2023, the Group's net profit attributable to shareholders was approximately HK$1.902 billion. The increase in expected net profit attributable to shareholders is mainly due to the Group recognizing land replacement income of approximately HK$2.3 billion from the transformation and upgrading project of Shenzhen International South China Logistics Park; successfully placing two logistics port projects into publicly traded REITs, resulting in post-tax income of approximately HK$587 million; and actively optimizing the currency structure of borrowings, leading to a significant reduction in exchange losses.