GOLDEN RES DEV (00677) issues a positive profit alert, expecting interim profit attributable to shareholders of approximately HK$56.3 million, turning from a loss to a profit year-on-year.

GOLDEN RES DEV (00677) announced that the Group is expected to record a profit attributable to shareholders of approximately HK$56.3 million for the six months ended 30 September 2026, compared with a loss attributable to shareholders of approximately HK$24.7 million for the corresponding period in 2025. The Board considers that the expected turnaround from loss to profit is mainly attributable to the combined effect of the following: an increase in gross profit of approximately HK$9.6 million; a revaluation surplus on investment properties of approximately HK$8.7 million for the six months ended 30 September 2026, compared with a revaluation loss on investment properties of approximately HK$5.0 million for the corresponding period in 2025; a decrease in overall administrative expenses and selling and distribution costs of approximately HK$12.5 million and HK$19.1 million respectively; and a decrease in impairment losses on right-of-use assets and equipment of approximately HK$25.3 million.