China New Cons (08275) released its interim results, with a net loss of HK $8.319 million, a year-on-year increase of 495.5%.
China New Consumption Group (08275) released its performance for the six months ending September 30, 2025, with revenues of 1220...
CHINA NEW CONS (08275) released its six-month performance as of September 30, 2025, with revenue of HKD 12.208 million, a year-on-year decrease of 88.5%; a net loss of HKD 8.319 million, a year-on-year expansion of 495.5%; and a basic loss per share of 1.1 HK cents.
The Board of Directors believes that the significant increase in the net loss attributable to owners of the company is mainly due to the substantial decrease in construction contract revenue from HKD 104.2 million in the six months ended September 30, 2024, to HKD 10.6 million in the six months ended September 30, 2025. This is attributed to the overall sluggish property market and the reduced project value of new projects undertaken by the group during this period.
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