Vanke Overseas Swings To Interim Profit Of HK$32.568 Million

Vanke Overseas (01036) posted an interim net profit of HK$32.568 million for the six months ended June 30, 2026, compared with a net loss of HK$101 million a year earlier, according to ETNet. Revenue fell 20.3% to HK$295 million, gross profit dropped 41% to HK$64.323 million, and profit before tax came in at HK$37.259 million versus a pre-tax loss of HK$91.055 million in the same period last year. The company said the turnaround was mainly due to the absence of a large fair-value loss on investment properties. In the prior-year period, the fair value of investment properties fell by HK$59.2 million. Vanke Overseas did not declare an interim dividend.