Kinetic Development Group warns of 50% profit plunge

Kinetic Development Group Limited expects net profit to drop 50% to 55% for the six months ending June 30, 2025, compared to the same period in 2024.

The decline stems from a 40% to 45% drop in coal mining segment profit due to lower coal prices, plus RMB75 million to RMB85 million losses from other developing business segments.