Lippo China Resources Reports Interim Profit Turnaround with HK$142 Million Attributable Earnings
Stock News
Aug 28
Lippo China Resources Ltd (HK: 00156) has announced its financial results for the six months ended June 30, 2026, reporting a notable turnaround as the company swung to a profit attributable to shareholders.
The group posted revenue of HK$434 million, representing an increase of 5.41% compared to the prior corresponding period. More significantly, profit attributable to equity holders of the company reached HK$142 million, reversing a loss from the same period last year. Earnings per share stood at HK$0.15.
According to the company's announcement, the shift to a profit attributable to shareholders was primarily driven by income recognized from insurance compensation during the reporting period.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.