Core Viewpoint - The company reported a significant decline in revenue and an increase in net loss for the six months ending September 30, 2025, primarily due to property revaluation losses and the sale of a hotel [1] Financial Performance - Revenue for the period was HKD 771 million, representing a year-on-year decrease of 21.7% [1] - The net loss amounted to HKD 275 million, which is a 42.2% increase compared to the previous year [1] - Basic loss per share was HKD 0.256 [1] Key Factors Contributing to Loss - The loss was mainly attributed to a loss of approximately HKD 182.1 million from the sale of The Connaught, a hotel held by a joint venture [1] - High interest rates and a downturn in the property market led to a net revaluation loss of approximately HKD 84.6 million on properties held by the group and its joint ventures [1] - Interest expenses totaled approximately HKD 23.8 million during the period [1] Operating Performance - Excluding the aforementioned losses from the sale, revaluation, and interest expenses, the operating performance showed a profit of HKD 15.9 million, compared to HKD 23 million in the same period of 2024 [1]

Group 1 - The company recorded an unaudited consolidated revenue of HKD 771 million for the six months ending September 30, 2025, a decrease of 21.7% compared to HKD 984 million in the same period last year, primarily due to declines in the construction and decoration and maintenance sectors [1] - The unaudited consolidated loss for the same period was HKD 275 million, compared to a net loss of HKD 193 million in the previous year, mainly attributed to a loss of approximately HKD 182.1 million from the sale of The Connaught and a net revaluation loss of approximately HKD 84.6 million on properties held by the company and its joint ventures [1] - The operating performance for the six months, excluding the aforementioned losses, showed a profit of HKD 15.9 million, down from HKD 23 million in 2024 [1] Group 2 - The basic loss per share for the six months ending September 30, 2025, was HKD 0.256, compared to a basic and diluted loss per share of HKD 0.180 in the corresponding period last year [2]

Core Viewpoint - The company expects a net loss of approximately HKD 270-280 million for the six months ending September 30, 2025, compared to a net loss of about HKD 193 million for the same period in 2024 [1] Financial Performance - The anticipated net loss is primarily attributed to a loss of approximately HKD 182.1 million from the sale of The Connaught, a hotel held by a joint venture [1] - Additionally, the company faces a revaluation net loss of approximately HKD 84.6 million on properties held by the group and joint ventures due to relatively high interest rates and a downturn in the property market [1] - Interest expenses are expected to amount to approximately HKD 23.8 million [1]

Core Viewpoint - The company expects to report a net loss of between HKD 270 million and HKD 280 million for the six months ending September 30, 2025, which is an increase from a net loss of HKD 193 million for the same period ending September 30, 2024 [1] Financial Performance - The anticipated net loss is primarily attributed to a loss of approximately HKD 182 million from the sale of The Connaught, a hotel held by a joint venture [1] - The company also faces a revaluation net loss of approximately HKD 84.6 million on properties held by the group and its joint ventures due to relatively high interest rates and a downturn in the property market [1] - Interest expenses are expected to amount to approximately HKD 23.8 million [1]

Core Viewpoint - The company expects a net loss of approximately HKD 270 million to HKD 280 million for the six months ending September 30, 2025, compared to a net loss of approximately HKD 193 million for the same period in 2024 [1] Financial Performance - The anticipated net loss is primarily attributed to a loss of approximately HKD 182.1 million from the sale of The Connaught, a hotel held by a joint venture [1] - The company also faces a revaluation net loss of approximately HKD 84.6 million on properties held by the group and joint ventures due to relatively high interest rates and a downturn in the property market [1] - Interest expenses are expected to amount to approximately HKD 23.8 million [1]