TERN PROPERTIES(00277) announces interim results, with a net loss attributable to shareholders of HKD 55.75 million, a year-on-year change from profit to loss.

TERN PROPERTIES (00277) announced its interim results for the six months ending September 30, 2024. The Group achieved a turnover of HK$26.418 million, a decrease of 7.91% compared to the same period last year. Shareholders' net loss was HK$55.758 million, compared to a net profit of HK$10.506 million in the same period last year, resulting in a change from profit to loss; basic loss per share was 20.11 HK cents. The announcement stated that the decrease in revenue was mainly due to a decrease in rental income from the Group's property renewals in the period.