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The latest update is out from Lai Sun Garment (International) ( (HK:0191) ).
Lai Sun Garment (International) Limited announced its interim results for the six months ending January 31, 2025, reporting a significant reduction in net loss to HK$123.3 million from HK$1,116.6 million in the previous period. This improvement is attributed to better fair value changes in investment properties, increased contributions from joint ventures, gains from the disposal of a subsidiary, and reduced finance costs. Despite a challenging operating environment, the company’s investment properties maintained high occupancy rates, generating rental income of HK$671.3 million. However, property sales decreased by 33.2% due to the final phase of the Zhongshan Palm Spring project, partially offset by increased sales in Hong Kong. The company’s hotel operations saw a 3.9% increase in income, driven by the Caravelle Hotel. The group also implemented cost control measures, reducing administrative and other operating expenses. The company plans to dispose of assets worth approximately HK$8,000 million over the next two years.
More about Lai Sun Garment (International)
Average Trading Volume: 285
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