Kimou Environmental expects over 30% profit increase

Kimou Environmental Holding Limited (HKEX:6805) has issued a positive profit alert, forecasting an increase of over 30% in profit attributable to equity shareholders for the year ended December 31, 2024. This significant growth is attributed to higher revenue from leasing and facility usage within the company's surface treatment recycling eco-industrial parks, as well as increased revenue from goods sales and related businesses. The company cites rising tenant demand and adjustments to its credit policy as contributing factors. For the year ended December 31, 2023, the profit attributable to the equity shareholders of the company was approximately RMB91.17 million. The announcement is based on a preliminary assessment of the Group's unaudited management accounts, and the final audited results, which may be subject to adjustments, are expected to be released in late March 2025. Shareholders and potential investors are advised to exercise caution when dealing in the company's securities.