Betterlife Real Estate Surges Nearly 15% in Expectation of Steady Business Performance, with Owner's Share Profit Expected to Reach CNY3.5 Billion by End of Half Year

Betterlife Real Estate (03990) has seen a sharp increase in its share price, with the stock price rising 14.83% as of the date of this announcement, currently trading at HK$5.42 and with a total turnover of HK$38,384,000.

On August 18, Betterlife Real Estate issued an announcement stating that based on its steady business performance over the past six months up to June 30, 2024, it is expected that the owner's share profit will be approximately CNY1.41 billion and the core net profit will be around CNY1.42 billion. Compared to these figures, Betterlife Real Estate expects that the owner's share profit from its steady business performance for the first half of 2025 will reach CNY2.5-3.5 billion, with the core net profit also expected to reach CNY2.5-3.5 billion. The main driving force behind this increase is the development of services as a new business segment after the completion of the real estate division on October 22, 2024.