Zhong Ao Home Group Limited proposed consolidated earnings guidance for the six months ended 30 June 2022. For the period, the group expected that the unaudited net profit attributable to the owners of the Company for the six months ended 30 June 2022 will record a decrease of approximately 11.8%, as compared to the corresponding period in 2021. The expected decrease in such profit is mainly due to the macroeconomic conditions and cyclical downturn in the real estate market, which confine the profit margin of the Company.
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