Lai Fung Holdings Narrows Losses Amid Strategic Advances

Lai Fung Holdings (HK:1125) has released an update.

Lai Fung Holdings has significantly narrowed its net loss to HK$267.7 million for the year ending July 2024, an improvement from the previous year’s loss of HK$584.7 million. The company’s adjusted EBITDA saw a 35.7% increase, driven by strong rental income and effective cost control measures. Additionally, Lai Fung’s Hengqin Novotown project has made considerable progress, enhancing its cross-border e-commerce and social media ecosystem.

For further insights into HK:1125 stock, check out TipRanks’ Stock Analysis page.