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Harbour Centre Development Limited ( (HK:0051) ) has shared an update.
Harbour Centre Development Limited reported an underlying net loss of HK$86 million for the first half of 2025, primarily due to higher impairment provisions for its development properties and a revaluation deficit on investment properties. The company did not declare an interim dividend, reflecting the challenging economic conditions impacting its operations. Despite increased occupancy in its Hong Kong hotels, the company faces pressure from subdued consumer spending and competition, particularly in Mainland China, where its hospitality sector continues to struggle. The company’s retail portfolio in Hong Kong also experienced a decline in revenue and operating profit.
More about Harbour Centre Development Limited
Harbour Centre Development Limited is a company incorporated in Hong Kong with limited liability, primarily engaged in the hospitality and property development sectors. Its market focus includes operating hotels and managing investment properties in Hong Kong and Mainland China.
Average Trading Volume: 36,187
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.15B
For a thorough assessment of 0051 stock, go to TipRanks’ Stock Analysis page.