ITC Properties Group Limited has released its annual results for the year ended 31 March 2025. The company reported a notable increase in revenue, growing by 258.4% to HK$398.1 million from HK$111.1 million in the previous year. Despite this increase in revenue, the company experienced a loss for the year attributable to owners of the company amounting to HK$813 million, compared to a loss of HK$645 million in the prior year. The company attributed the increase in revenue primarily to the sale of its stock of properties in Hong Kong and the United Kingdom. However, the ongoing geopolitical tensions and persistent inflation have led to a slowdown in the global economy, affecting business activities. Additionally, ITC Properties Group Limited has taken steps to improve its liquidity and secure funds, including disposing of stock properties and joint ventures holding properties, to meet its financial obligations and commitments.
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