Planetree International Development Ltd. Posts HK$107.7 Million Profit for H1 2025; Revenue Down 15.2% to HK$45.3 Million

Reuters
Sep 26, 2025
Planetree International Development Ltd. Posts HK$107.7 Million Profit for H1 2025; Revenue Down 15.2% to HK$45.3 Million

Planetree International Development Ltd. reported its interim results for the six months ended 30 June 2025. The company posted total revenue of HK$45.3 million, compared to HK$53.4 million in the same period last year. Fee and commission income increased to HK$3.8 million from HK$0.4 million, while corporate advisory service income declined to HK$6.3 million from HK$7.2 million. Asset management service income was not recorded in the current period, versus HK$1.2 million previously. Financial advisory service income rose to HK$3.6 million from HK$1.8 million. Interest income from margin clients and loan receivables decreased to HK$8.2 million from HK$37.1 million. Gross rental income was HK$5.5 million, down from HK$5.7 million last year. The company recorded a net gain on disposal of financial assets at fair value through profit or loss of HK$17.9 million, compared to no such gain in the prior period. Other income and gains increased significantly to HK$79.7 million from HK$0.2 million. The period saw a profit of HK$104.4 million, compared to a loss of HK$94.3 million in the same period last year. Share of result of associates contributed HK$44.4 million, reversing a loss of HK$46.4 million previously. There were substantial reversals of impairment losses on margin loan receivables of HK$36.5 million, compared to an impairment loss of HK$15.6 million in the prior period. Administrative expenses were HK$23.9 million, slightly lower than HK$24.4 million last year. Other losses increased to HK$67.0 million from HK$49.8 million. Finance costs were HK$5.9 million, compared to HK$8.2 million previously. Income tax expense for the period was HK$0.2 million. No updates on business operations or outlook/guidance were included in the interim report.

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