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Lifeng Holdings' Half-Year Loss Expands to Nearly 400 Million
Lifung Holdings (01125) announced that as of the end of January this year, the interim loss was HKD 384 million, with a loss per share of HKD 1.16. No interim dividend will be paid; the same period last year recorded a loss of HKD 164 million.
During the period, revenue was HKD 927 million, an increase of 43.16% year-on-year.
The company stated that the increase in interim loss was mainly due to the sale of a residential building (T1) in Phase 2 of Hengqin Innovation Plaza and the impairment loss from the disposal of properties in Phase 2 of Hengqin Innovation Plaza (mainly T3).