MAGNUSCONCORDIA (01172) Reports Interim Results: Shareholder Loss Narrows 45.03% to HK$20.076 Million
Stock News
Nov 28
MAGNUSCONCORDIA (01172) announced its interim results for the six months ended September 30, 2025. The company recorded revenue of HK$64.067 million, a decrease of 36.36% year-on-year. The loss attributable to shareholders was HK$20.076 million, narrowing by 45.03% compared to the same period last year, with a loss per share of HK$0.0035.
The reduction in losses was primarily driven by a decrease in fair value losses on revalued investment properties as of September 30, 2025, and the absence of losses from the disposal of investment properties during the review period. This resulted in a post-tax net loss reduction to approximately HK$7 million.
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