Tian Teck Land Reports Narrowed Annual Loss, Revenue Declines

Stock News
06/26

Tian Teck Land (00266) has announced its financial results for the year ended March 31, 2026. The group recorded revenue of HK$299 million, representing a decrease of 2.96% compared to the previous year. The loss attributable to the company's equity shareholders was HK$245 million, which is a reduction of 23.76% year-on-year. The loss per share was HK$0.52.

For the fiscal year ending March 31, 2026, the group's operating profit before changes in the fair value of investment properties was HK$173.6 million. This figure reflects a decline of approximately 8.0% from the prior fiscal year.

Reasons for the Financial Performance

This decrease was primarily attributed to lower rental income from the International Plaza during the year compared to the previous fiscal period. Furthermore, interest income declined due to lower interest rates.

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