HongKong Chinese Limited Reports HK$199 Million Profit in H1 2025, Marking a Turnaround from HK$422 Million Loss in H1 2024; EPS Climbs to 10.0 HK Cents from -21.1 HK Cents

Reuters
Aug 28
HongKong Chinese Limited Reports HK$199 Million Profit in H1 2025, Marking a Turnaround from HK$422 Million Loss in H1 2024; EPS Climbs to 10.0 HK Cents from -21.1 HK Cents

Hongkong Chinese Limited has announced its unaudited consolidated interim results for the six months ended 30 June 2025. The Group recorded a consolidated profit attributable to shareholders of HK$199 million, a significant turnaround from a consolidated loss of HK$422 million for the same period in 2024. This change was primarily due to the share of profit from joint ventures amounting to HK$189 million, compared to a share of loss of approximately HK$433 million in 2024. Revenue for the period increased slightly to HK$38 million from HK$36 million in the corresponding period of 2024. The property investment business continued to be a major contributor, accounting for 93% of the total revenue. Earnings per share for the period were reported at 10.0 HK cents, a notable improvement from a loss of 21.1 HK cents per share in the same period last year. The Group's gross profit rose to HK$36.3 million from HK$35.0 million, supported by a decrease in other operating expenses and finance costs. The Group continues to navigate economic challenges, including a slowdown in mainland China's economic expansion amidst an ongoing trade war with the United States. The economy in mainland China grew by 5.2% in the second quarter of 2025, down from 5.4% in the first quarter.

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