Firm Swings to Loss in 2025 After HKD 490 Million Year-Earlier Profit

The company reported a loss for the first half of 2025, swinging from a profit of about HKD 490 million in the same period a year earlier. The company attributed the turnaround to fair value losses on certain investment properties held by the group, a swing to loss by its 50%-owned associate during the period, and the absence of any land consolidation and development profits and gains related to asset injection funds.