Midland Holdings (00588.HK): Issues Positive Profit Warning, Pre-tax Profit Hits Approximately HK$300 Million in First Five Months, Surges 69% Year-on-Year
NewTimeSpace News: Midland Holdings Limited (00588.HK) has released a positive profit warning. Upon preliminary review, the Group recorded a pre-tax profit of approximately HK$300 million for the five months ended 31 May 2026, representing an increase of around 69% compared with HK$178 million for the six months ended 30 June 2025. Its interim results are expected to reach a 20-year high.
NewTimeSpace News: Midland Holdings Limited (00588.HK) issued a positive profit warning on 15 June 2026. It announced that the Group achieved a pre-tax profit of approximately HK$300 million, an increase of about 69% from HK$178 million recorded for the six months ended 30 June 2025.
The Group expects notable growth in its pre-tax profit and profit attributable to equity holders for the six months ended 30 June 2026, and anticipates that the interim results will hit a 20-year high.
The Board stated that the substantial profit growth is mainly attributable to the remarkable rise in pre-tax profit of Midland Realty and Hong Kong Properties for the five months ended 31 May 2026. The Group’s overall market share has expanded, particularly in the secondary residential property market. It has also continuously improved operational efficiency, focused on retaining and recruiting top talents, and provided high-quality services to customers.
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