Core Viewpoint - Wang On Group reported a slight revenue decrease of approximately 1.8% to about HKD 1.208 billion for the six months ending September 30, 2025, primarily due to increased sales and delivery of completed residential projects in Hong Kong, offset by reduced property sales in China [1] Financial Performance - Revenue for the period was approximately HKD 1.208 billion, compared to about HKD 1.23 billion for the corresponding period ending September 30, 2024 [1] - The company recorded a loss attributable to equity holders of approximately HKD 355 million, contrasting with a profit of about HKD 85.8 million for the corresponding period [1] Contributing Factors - The loss was mainly due to: - A loss from the sale of a 20% stake in a hotel project [1] - Decreased share of profits from joint ventures, primarily due to a continued downturn in the commercial real estate market [1] - Reduced gross profit from the delivery of completed residential projects [1] - Realized losses from debt investments measured at fair value, partially offset by lower financing costs due to interest rate declines [1]
WANG ON GROUP(01222.HK)中期净亏损约为3.55亿港元 同比由盈转亏