World Houseware (Holdings) Ltd. Reports HK$63.3 Million Loss from Other Gains and Losses for H1 2025; Sales and Net Income Figures Not Disclosed

Reuters
Sep 25
<a href="https://laohu8.com/S/WHWRF">World Houseware</a> (Holdings) Ltd. Reports HK$63.3 Million Loss from Other Gains and Losses for H1 2025; Sales and Net Income Figures Not Disclosed

World Houseware (Holdings) Ltd. reported its unaudited consolidated interim results for the six months ended 30 June 2025. The company recorded a loss before taxation of HK$63.3 million for the period, compared to a profit of HK$5.5 million in the same period last year. The loss was primarily attributable to a HK$58.9 million loss arising from changes in the fair value of investment properties, as well as a HK$4.4 million net foreign exchange loss. Depreciation of property, plant and equipment totaled HK$10.3 million, while depreciation of right-of-use assets was HK$7.5 million. Gross rental income from investment properties was HK$472,000, with direct operating expenses of HK$128,000 related to generating this income. Finance costs for the period were HK$4.1 million, compared to HK$4.7 million in the prior year. Interest income from bank deposits was HK$444,000, while interest income from a deposit placed for a life insurance policy was not reported for the current period. No specific business outlook or guidance was included in the interim report. There were no significant updates regarding the company's business operations in the period under review.

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