HK's New World Development sees loss of up to $875 million in first half of 2025

Reuters

2025/02/21

Feb 21 (Reuters) - Hong Kong-based property developer New World Development 0017.HK said on Friday it expects to record a loss attributable between HK$6.60 billion and HK$6.80 billion ($875.07 million) from its continuing operations for the first half of fiscal 2025.

That compares to a profit attributable of HK$502 million recorded in the previous corresponding period.

($1 = 7.7708 Hong Kong dollars)

(Reporting by Shivangi Lahiri in Bengaluru; Editing by Shreya Biswas)

((Shivangi.Lahiri@thomsonreuters.com;))

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Editing by Shreya Biswas)</p><p> ((Shivangi.Lahiri@thomsonreuters.com;))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0762540952.USD","symbol_name":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AC\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250221:nL3N3PC18J:1","article_id":"2513629318","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2513629318","pubTimestamp":1740147158,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"HK's New World Development sees loss of up to $875 million in first half of 2025Feb 21  - Hong Kong-based property developer New World Development 0017.HK said on Friday it expects to record a loss attributable between HK$6.60 billion and HK$6.80 billion   from its continuing operations for the first half of fiscal 2025.That compares to a profit attributable of HK$502 million  recorded in the previous corresponding period.  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