306 CEO: Precautionary profit warning The expected annual net loss attributable to the owners of the company is anticipated to increase by not less than 50% year-on-year.
Lai Fung Holdings Limited (01125) issued an announcement, expecting that the company's owners' share as of the year end on July 31, 2025...
LAI FUNG HOLD (01125) announced that it expects the company's attributable comprehensive loss for the year ending on July 31, 2025 to increase by not less than 50% compared to the year ending on July 31, 2024, which was about 268 million Hong Kong dollars.
The main reasons for the increase in losses are: a significant decrease in sales due to almost all of the property projects being sold out, and a fair value loss on investment properties in the current year, compared to a fair value gain on investment properties in the previous fiscal year. The increased loss is partially offset by improvements in administrative expenses, other operating expenses, and financing costs in the current year.
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