ALLIED GROUP (00373) issued a profit warning, expecting that the mid-term profit attributable to shareholders will be about HK$200 million to HK$400 million, a decline compared to the same period last year.

ALLIED GROUP (00373) announced that it expects the consolidated profit attributable to shareholders for the six months ending June 30, 2026 (2026 interim results) to be between approximately HKD 200 million and HKD 400 million, while the consolidated profit attributable to shareholders for the six months ending June 30, 2025, was approximately HKD 1.7 billion. The decline in profit is mainly due to an attributable loss from TIAN AN, whereas a profit was recorded for the six months ending June 30, 2025. This is because TIAN AN and its joint ventures did not have significant property development projects delivered to customers during the six months ending June 30, 2026, and the downturn in the mainland real estate market led to a decline in property sales for TIAN AN and its joint ventures.