TAI UNITED HOLD (00718) announced its interim results for 2025, reporting total revenue of HK$64.762 million, a decrease of 1.56% year-on-year. The loss attributable to company owners was approximately HK$198 million, narrowing by 21.07% year-on-year, with a loss per share of HK$3.78 cents.
According to the announcement, the reduction in losses was attributed to a combination of the following factors: a fair value decrease of approximately HK$83.1 million in investment properties due to sluggish conditions in the retail rental market; a provision of approximately HK$50.3 million made during the reporting period for guarantee contracts, where these guarantees were provided by the direct holding companies of Guangzhou Shopping Center and Jinzhou Shopping Center to domestic Chinese banks for third-party loans, but the seller failed to disclose these guarantees to the group when acquiring the holding companies of the two shopping centers; and financial costs of approximately HK$76.7 million during the reporting period, primarily resulting from the acquisition of Guangzhou Shopping Center along with approximately RMB 1.345 billion in associated bank loans.