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LAI SUN INT'L: Interim Report for the six months ended 31 January 2025
LAI SUN INT'L: ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 JANUARY 2025
Joint Announcement: Unaudited Interim Results of eSun Holdings Limited and Lai Fung Holdings Limited for the Six Months Ended 31 January 2025
LAI SUN INT'L (00191.HK) expects a mid-term loss of approximately 0.1 billion to 0.15 billion HKD.
On March 14, GLB announced that LAI SUN INT'L (00191.HK) expects that the consolidated loss attributable to the owners of the company for the six months ending January 31, 2025, will be between approximately HK$100,000,000 and HK$150,000,000, compared to a consolidated loss of approximately HK$1,117,000,000 attributable to the owners of the company in the same period last year. The expected reduction in loss is mainly due to the group's improvement in (i) changes in the fair value of investment properties during the review period; (ii) improved contributions from joint ventures; (iii) gains from the sale of a subsidiary; and (iv) financing costs.
LAI SUN INT'L: PROFIT ALERT - REDUCTION IN LOSS
LAI SUN INT'L (00191.HK) plans to hold a Board of Directors meeting on March 21 to approve the interim results.
Glory Financial announced on March 11 that LAI SUN INT'L (00191.HK) will hold a Board of Directors meeting on March 21, 2025 (Friday) to consider and approve, among other matters, the unaudited interim results announcement for the six months ended January 31, 2025, as well as the declaration of an interim dividend (if applicable).