Basic House New Life Group Ltd. Reports 52% Increase in Revenue for H1 2025 Despite Comprehensive Expense of HK$15.25 Million

Reuters
08/29
Basic House New Life Group Ltd. Reports 52% Increase in Revenue for H1 2025 Despite Comprehensive Expense of HK$15.25 Million

Basic House New Life Group Ltd. has announced its unaudited financial results for the six months ending 30 June 2025. The Group reported a significant increase in revenue, rising to HK$22.825 million from HK$15.046 million in the same period in 2024. However, the Group experienced a net comprehensive expense of HK$15.254 million, compared to a net expense of HK$5.101 million in the previous year. The financial statement reveals a decrease in other income, with HK$1.417 million reported compared to HK$1.450 million in 2024. Furthermore, the Group recorded a net gain in other gains/losses of HK$1.508 million, down from HK$2.406 million in the previous year. Subcontracting and materials costs increased significantly to HK$17.075 million from HK$9.133 million, while employee benefit expenses rose marginally to HK$8.628 million from HK$8.214 million. In terms of strategic direction, the Board indicated plans to adopt cautious measures in managing the Group's investment portfolio in light of recent stock market volatility, aiming to secure positive returns in the near future. The Group reported no significant investments, material acquisitions, or disposals of subsidiaries during the period. Additionally, there are no current plans for material investments or capital assets as of 30 June 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Basic House New Life Group Ltd. published the original content used to generate this news brief on August 29, 2025, and is solely responsible for the information contained therein.

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