LAI FUNG HOLD (01125) Issues Profit Warning, Expects Annual Loss Attributable to Owners to Increase by at Least 50% Year-over-Year
Stock News
Oct 14
LAI FUNG HOLD (01125) announced that it expects the consolidated loss attributable to owners of the company for the year ending July 31, 2025, to increase by not less than 50% compared to the loss of approximately HK$268 million for the year ended July 31, 2024.
The main reasons for the increased loss include: the property projects have been nearly fully sold out, resulting in reduced sales; and fair value losses on investment properties were recorded in the current year, while fair value gains on investment properties were recorded in the previous financial year.
These increased losses were partially offset by improvements in administrative expenses, other operating expenses, and financing costs during the current year.
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