AUTO ITALIA (00720) Announces Interim Results with Profit Attributable to Owners of HK$8.425 Million, Turning from Loss to Profit Year-on-Year

Stock News
08/29

AUTO ITALIA (00720) announced its interim results for 2025, recording total revenue of HK$19.214 million, representing a year-on-year increase of 22.63%. The company reported profit attributable to owners of HK$8.425 million, marking a turnaround from loss to profit compared to the same period last year, with earnings per share of HK$0.16 cents.

According to the announcement, the profit was primarily driven by a reduction in unrealized fair value losses on the group's investment in an associate measured at fair value through profit or loss, which amounted to approximately HK$1.1 million during the period compared to approximately HK$60.2 million in the corresponding period last year. Additionally, the company benefited from net unrealized fair value gains generated from investment properties, which totaled approximately HK$16.1 million during the period, compared to fair value losses of approximately HK$3.0 million in the previous corresponding period.

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