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