Tian An China Projects Sharp Profit Decline

Tian An China Investments Co (HK:0028) has released an update.

Tian An China Investments Co warns of a significant decrease in profit, with expected earnings to drop by 85% to 95% for the first half of 2024 compared to the same period in 2023. The downturn is attributed to lower sales of completed properties due to a lack of major projects and a sluggish Mainland property market, reduced fair value in investment properties, and decreased joint venture profits. Investors are cautioned to be prudent when dealing with the company’s shares.

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