Luk Hing Entertainment Reports 29% Drop in Revenue for H1 2025; Sales of Food and Beverage Decline Significantly

Reuters

2025/08/29

Luk Hing Entertainment Reports 29% Drop in Revenue for H1 2025; Sales of Food and Beverage Decline Significantly

Luk Hing Entertainment Group Holdings Ltd. has announced its interim results for the six-month period ended 30 June 2025. The Group reported a decrease in total sales, with food and other product sales declining from HK$38.038 million in 2024 to HK$27.295 million in 2025. Beverage sales also saw a decrease, from HK$4.213 million in 2024 to HK$2.743 million in 2025. Other income and gains for the period amounted to HK$606,000, up from HK$21,000 in the same period of the previous year. This increase was partly due to a reversal of accrued expenses amounting to HK$450,000 and other interest income of HK$115,000. No provision for Hong Kong profits tax was made, as there was no estimated assessable profit for the Hong Kong subsidiary during the periods ended 30 June 2025 and 2024. The Group's principal activities remain the operation of clubs and restaurants, as well as organizing music-related featured events. The results do not include any outlook or guidance for future performance.

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. Luk Hing Entertainment Group Holdings 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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The Group reported a decrease in total sales, with food and other product sales declining from HK$38.038 million in 2024 to HK$27.295 million in 2025. Beverage sales also saw a decrease, from HK$4.213 million in 2024 to HK$2.743 million in 2025. Other income and gains for the period amounted to HK$606,000, up from HK$21,000 in the same period of the previous year. This increase was partly due to a reversal of accrued expenses amounting to HK$450,000 and other interest income of HK$115,000. No provision for Hong Kong profits tax was made, as there was no estimated assessable profit for the Hong Kong subsidiary during the periods ended 30 June 2025 and 2024. The Group's principal activities remain the operation of clubs and restaurants, as well as organizing music-related featured events. 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The Group reported a decrease in total sales, with food and other product sales declining from HK$38.038 million in 2024 to HK$27.295 million in 2025. Beverage sales also saw a decrease, from HK$4.213 million in 2024 to HK$2.743 million in 2025. Other income and gains for the period amounted to HK$606,000, up from HK$21,000 in the same period of the previous year. This increase was partly due to a reversal of accrued expenses amounting to HK$450,000 and other interest income of HK$115,000. No provision for Hong Kong profits tax was made, as there was no estimated assessable profit for the Hong Kong subsidiary during the periods ended 30 June 2025 and 2024. The Group's principal activities remain the operation of clubs and restaurants, as well as organizing music-related featured events. The results do not include any outlook or guidance for future performance.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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. Luk Hing Entertainment Group Holdings Ltd. published the original content used to generate this news brief on August 29, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"08052","symbol_name":"陸慶娛樂","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250829:nNDL5dXfm4:1","article_id":"2563221240","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2563221240","pubTimestamp":1756479249,"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":"Luk Hing Entertainment Group Holdings Ltd. has announced its interim results for the six-month period ended 30 June 2025. The Group reported a decrease in total sales, with food and other product sales declining from HK$38.038 million in 2024 to HK$27.295 million in 2025. Beverage sales also saw a decrease, from HK$4.213 million in 2024 to HK$2.743 million in 2025. Other income and gains for the period amounted to HK$606,000, up from HK$21,000 in the same period of the previous year. This increase was partly due to a reversal of accrued expenses amounting to HK$450,000 and other interest income of HK$115,000. No provision for Hong Kong profits tax was made, as there was no estimated assessable profit for the Hong Kong subsidiary during the periods ended 30 June 2025 and 2024. The Group's principal activities remain the operation of clubs and restaurants, as well as organizing music-related featured events. 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This increase was partly due to a reversal of accrued expenses amounting to HK$450,000 and other interest income of HK$115,000. No provision for Hong Kong profits tax was made, as there was no estimated assessable profit for the Hong Kong subsidiary during the periods ended 30 June 2025 and 2024. The Group's principal activities remain the operation of clubs and restaurants, as well as organizing music-related featured events. The results do not include any outlook or guidance for future performance.\n      \n\nDisclaimer: 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. Luk Hing Entertainment Group Holdings Ltd. published the original content used to generate this news brief on August 29, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport,express","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}