LAI FUNG HOLD Issues Profit Warning, Anticipates Interim Loss to More Than Double
Stock News
Mar 13
LAI FUNG HOLD (01125) has announced a profit warning. The group expects that the unaudited consolidated loss attributable to the company's owners for the six-month period ending January 31, 2026, will increase by no less than 100% compared to the loss of approximately HKD 164 million recorded for the six months ended January 31, 2025. The primary reason for the increased loss is attributed to a loss generated during the period from the sale of a residential building in the second phase of the Hengqin Innovation Square project and an impairment charge on properties in the same phase.
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