TIAN AN (00028) announces profit growth, with expected annual earnings attributable to shareholders of approximately HK$1.65 billion to HK$1.85 billion, turning a loss into a profit year on year.

Tian An (00028) announced that the Group is expecting a net profit attributable to shareholders of the company of approximately 1.65 billion to 1.85 billion Hong Kong dollars for the 2025 financial year, compared to a net loss attributable to shareholders of approximately 207 million Hong Kong dollars for the year ended December 31, 2024. The significant improvement in financial performance is mainly due to the increase in gross profit from revenue recognized after the delivery of units in the Tian An 1 Phase 2 (C Area) residential project in Shanghai, China in early 2025.