MILAN STATION (01150) soared over 40% today. As of press time, the stock climbed 43.48% to HK$0.33, with turnover reaching HK$12.34 million.
On the news front, MILAN STATION recently released its interim results for 2025, reporting revenue of HK$50.06 million, down 20.7% year-on-year, while gross profit reached HK$5.74 million, up 41.7% year-on-year. The company's net loss was HK$11.02 million, narrowing by 48.8% compared to the same period last year. According to the announcement, the reduction in net loss was primarily attributable to decreased losses from fair value changes of financial assets at fair value through profit or loss.
According to the Ministry of Commerce, service retail sales grew 5.2% year-on-year from January to July this year, with service consumption continuing to increase as a proportion of total consumption. The Ministry of Commerce will introduce several policy measures to expand service consumption in September, utilizing fiscal and financial tools to optimize and enhance service supply capacity and stimulate new growth in service consumption.