"Profit Alert" GD LAND forecasts a profit of at least 260 million yuan in the first half of the year

GD LAND (00124.HK) issued a profit warning, expecting a profit of no less than HKD 260 million for the six months ending in June, compared to a loss of HKD 217 million in the same period last year. This is mainly due to the higher gross profit margin of the delivered project Guangzhou? GD Cloud Port City during the period, which drove an increase in property sales profit