Grand Field Group Reports 59% Revenue Increase to HK$148.8 Million, Net Loss Worsens to HK$40.9 Million for H1 2025
Reuters
Aug 29, 2025
Grand Field Group Reports 59% Revenue Increase to HK$148.8 Million, Net Loss Worsens to HK$40.9 Million for H1 2025
Grand Field Group Holdings Limited has announced its unaudited condensed consolidated interim results for the six months ended 30 June 2025. During this period, the Group reported a revenue increase to HK$148.8 million from HK$93.7 million in the corresponding period of 2024. However, the cost of revenue also rose significantly to HK$137 million compared to HK$62 million previously, resulting in a gross profit of HK$11.8 million, down from HK$31.7 million in 2024. The Group experienced a net loss in other gains and losses amounting to HK$45 million, a substantial increase from the HK$4.2 million loss reported in the same period last year. Selling and distribution costs slightly decreased to HK$10 million from HK$10.04 million, while administrative expenses rose to HK$28.2 million from HK$26.7 million. In terms of market outlook, the real estate market in China showed signs of stabilization in the first half of 2025, although it still faces significant pressure due to debt issues and market confidence challenges. Despite these challenges, Grand Field Group Holdings Limited managed to perform better than the average market level in both rental and sales, indicating its competitive positioning in the market. The Group continues to focus on enhancing cash flow through planned sales and rentals.
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