Core Viewpoint - Orange Sky Golden Harvest (01132.HK) reported a slight decrease in revenue for the first half of 2025, attributed to a lack of blockbuster films leading to reduced attendance, but achieved a significant profit turnaround compared to the previous year [1] Financial Performance - Revenue for the first half of 2025 was HKD 363 million, a decrease of 1.78% year-on-year [1] - Shareholders' profit for the period was HKD 137 million, compared to a loss of HKD 81.048 million in the same period last year [1] - Basic earnings per share were HKD 0.0488 [1] Key Factors for Performance - The increase in profit was primarily due to: - Termination of several cinema leases leading to a reversal of cost provisions, generating non-recurring income of HKD 19.1 million and HKD 85.8 million respectively [1] - Sale of a property in Singapore resulting in a deferred tax liability reversal, yielding a tax credit of HKD 32.6 million [1] - No impairment losses recorded for non-financial assets in the first half of 2025, compared to HKD 313.3 million in the same period of 2024 [1] - No non-recurring income from the sale of an equity stake in a joint venture in the first half of 2025, while HKD 294.3 million was recorded in the same period of 2024 [1] - Reduction in operating expenses due to cost-cutting measures and short-term rental support [1]
橙天嘉禾(01132.HK)上半年扭亏为盈至1.37亿港元