Far East Consortium International (HK:0035) has released an update.
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Far East Consortium International reported a challenging first half of FY2025, with revenue falling by 18.7% to HK$5.2 billion due to decreased residential property development. Despite these challenges, the company achieved a positive adjusted cash profit of HK$139 million and managed significant presales of HK$11.8 billion, fueled by new projects in Manchester and Hong Kong. The company’s hotel operations saw a slight revenue increase, supported by the opening of new hotels in Australia and Hong Kong, positioning them for future growth.
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