Chinese Estates Holdings Limited Reports 31% Decline in Revenue to HK$134.1 Million for First Half of 2025

Reuters
Sep 25
<a href="https://laohu8.com/S/CESTF">Chinese Estates</a> Holdings Limited Reports 31% Decline in Revenue to HK$134.1 Million for First Half of 2025

Chinese Estates Holdings Limited reported its unaudited consolidated interim results for the six months ended 30 June 2025. Group revenue for the period was HK$134.1 million, down from HK$195.1 million in the corresponding period of 2024. The cost of goods and services provided decreased to HK$21.8 million, compared to HK$30.6 million in the previous year. The company reported share of results of investments accounted for using the equity method in Hong Kong at HK$6.7 million, a decrease from HK$23.2 million in 2024, while the share from Mainland China increased to HK$23.3 million from HK$2.7 million in the prior period. Attributable operating costs in Hong Kong and Mainland China were HK$1.1 million and HK$8.8 million, respectively, compared to HK$3.7 million and HK$1.7 million a year earlier. The business review and financial operation review are included in the interim report, alongside updates on new and amended accounting standards that may affect future results presentation. The interim dividend and details regarding closure of the register of members were also announced in the report.

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