NEW CENTURY GP (00234) announced that the group anticipates recording a net loss attributable to shareholders of no more than HK$20 million for the six months ending September 30, 2025 (the current period), compared to a loss of approximately HK$4 million in the same period of 2024.
The company attributed the increased losses primarily to the following factors: 1. A decline in the group's loan portfolio due to tightened lending measures across all loan applications, resulting in reduced profitability from its money lending business. 2. Higher fair value losses on investment properties in Hong Kong, primarily comprising commercial retail units. 3. Decreased fair value gains and dividend income from listed equity investments.