PCPD Reports H1 2025 Revenue Increase to HK$736M, Net Loss Widens to HK$249M

Reuters
Aug 28
PCPD Reports H1 2025 Revenue Increase to HK$736M, Net Loss Widens to HK$249M

Pacific Century Premium Developments Ltd. (PCPD) released its interim financial results for the six months ended June 30, 2025. The company reported a revenue of HK$736 million, compared to HK$545 million in the same period in 2024, indicating a significant increase. However, the company also reported a loss attributable to equity holders amounting to HK$249 million, a deeper loss compared to the HK$153 million loss recorded in the first half of 2024. The company's gross profit was reported at HK$522 million, up from HK$385 million in 2024. General and administrative expenses increased to HK$390 million from HK$337 million, and there was a fair value loss on investment properties of HK$81 million, compared to no such loss reported in the previous year. Finance costs increased to HK$239 million from HK$170 million. PCPD's management highlighted challenges faced due to market volatility and uncertainties during the first half of 2025, partly driven by the threat of a global trade war. Despite these challenges, the company maintains a positive long-term outlook on Hong Kong's real estate market and aims to maximize stakeholder value and achieve sustainable business growth in the second half of the year. Additionally, the company is focused on leveraging existing key resources to navigate the ongoing market conditions.

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