Z FIN (01168) has announced that the group expects to record a loss attributable to owners of the company of no more than HK$200 million for the six months ending June 30, 2026, compared to a loss attributable to owners of the company of approximately HK$507.1 million for the six months ending June 30, 2025.
This reduction in losses is primarily due to the net impact of the following factors: (i) a non-recurring fair value loss on the company's convertible bonds of approximately HK$497.9 million recognised in the six months ended June 30, 2025; (ii) profits generated from the sale of properties in the six months ending June 30, 2026, despite incurring substantial land appreciation taxes; and (iii) a significant decrease in the fair value of the group's investment properties for the six months ending June 30, 2026.