HANISON (00896) Issues Profit Warning, Expects Interim Net Loss of HK$270-280 Million
Stock News
Nov 04, 2025
HANISON (00896) announced that the group anticipates a net loss of approximately HK$270-280 million for the six months ending September 30, 2025, compared to a net loss of HK$193 million in the same period of 2024. The expected net loss is primarily attributed to a HK$182.1 million loss from the disposal of The Connaught (a hotel held by a joint venture), as well as a net revaluation loss of around HK$84.6 million on properties held by the group and its joint ventures due to relatively high interest rates and a downturn in the property market. Additionally, interest expenses of approximately HK$23.8 million contributed to the loss.
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