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Lai Sun Development Co ( (HK:0488) ) has issued an announcement.
Lai Sun Development Company Limited has announced a significant reduction in its consolidated loss for the six months ending January 31, 2025, with expected losses ranging between HK$100 million and HK$150 million, compared to HK$1,853 million for the same period last year. This improvement is attributed to better fair value changes in investment properties, enhanced contributions from joint ventures, gains from the disposal of a subsidiary, and reduced finance costs, marking a positive shift in the company’s financial health and operational efficiency.
More about Lai Sun Development Co
Lai Sun Development Company Limited, along with its subsidiaries, is involved in a diverse range of activities including property investment and development, hotel and restaurant operations, film and TV production and distribution, music production and publishing, concert management and production, artiste management, cinema operation, and investment holding in cultural, leisure, and entertainment facilities.
YTD Price Performance: -44.44%
Average Trading Volume: 17,611
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $117.8M
Learn more about 0488 stock on TipRanks’ Stock Analysis page.