Lai Sun Development Co ( (HK:0488) ) has shared an announcement.
Lai Sun Development Co reported a significant reduction in net loss for the six months ended January 2025, attributed to improved fair value changes in investment properties, better joint venture contributions, and reduced finance costs. Despite a challenging operating environment, the company’s investment properties maintained high occupancy rates, and hotel operations saw a slight increase in income. However, property sales declined due to the final phase of a major project, partially offset by sales in other areas. The company is also planning asset disposals to strengthen its financial position.
More about Lai Sun Development Co
Lai Sun Development Co is a diversified company operating in the real estate industry, focusing on investment properties, property sales, and hotel operations primarily in Hong Kong and Mainland China.
YTD Price Performance: -44.44%
Average Trading Volume: 17,611
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $116M
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