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

Reuters
02/21
HK's New World Development sees loss of up to $875 million in first half of 2025

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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