The Allied Group (00373) announced a joyful profit, with an expected annual comprehensive profit attributable to shareholders of approximately HK$2 billion to HK$2.3 billion, turning a loss into a profit year-on-year.

ALLIED GROUP (00373) announces that the expected attributable comprehensive profit of the Company for the year ending on December 31, 2025 (2025 annual performance) will be approximately HK$2 billion to HK$2.3 billion, while the attributable comprehensive loss of the Company for the year ending on December 31, 2024 was around HK$800 million. The significant improvement in financial performance is mainly due to: - New World Development's attributable profit increased due to the net investment income generated by its investment management business, partially offset by a decrease in profit from its credit business. - TIAN AN's profit increased after the delivery of TIAN AN 1 Phase 2 (Zone C) residential project in Shanghai, China to its customers in early 2025. - The Company's listed associate, APAC RESOURCES Limited, achieved attributable profit in contrast to the attributable loss in the year ended December 31, 2024.