Lai Sun Development Co (HK:0488) has released an update.
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Lai Sun Development Co. reported a significant reduction in operating losses for the year ending July 2024, despite facing a challenging economic environment. The company saw improvements in adjusted EBITDA and revenues from property sales, hotel operations, and rental income, driven by effective cost-control measures and strategic property sales. Lai Sun’s e-commerce hub in Hengqin Novotown also made notable progress, enhancing its commercial ecosystem and rental accommodations.
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