GD LAND (00124) reported a net loss of HKD 2.901 million in the first quarter, narrowing by 98.1% compared to the same period last year.

GD LAND(00124) announced that for the three months ending March 31, 2026, the group's total comprehensive income was approximately HK$1.575 billion, representing an increase of approximately 107.5% year-on-year. The increase in income was mainly due to an increase in the total gross floor area of properties held for sale. During the period under review, the group recorded a loss attributable to the owners of the company of approximately HK$2.901 million, narrowing by 98.1% year-on-year. The main factors affecting the group's performance for the three months ending March 31, 2026 were: the properties delivered by the group during the period under review were mainly the FoshanGuangdong Sea Yi Gui Fu project, Guangzhou Guangdong Sea Cloud Port project, and Zhongshan Guangdong Sea City project; among them, the Guangzhou Guangdong Sea Cloud Port project had a higher gross profit margin, which led to an increase in property sales surplus compared to the same period in 2025.