Shun Ho Property Reports Mixed Interim Results

Shun Ho Property Investments Ltd (HK:0219) has released an update.

Shun Ho Property Investments Ltd reported a net profit after tax of HK$61 million for the six months ended June 30, 2024, marking a significant increase from HK$49 million in the same period the previous year. However, the company faced a loss before taxation of HK$96.4 million due to a net decrease in fair value of investment properties and other expenses. This result contrasts with a profit of HK$9.0 million reported in the previous year, indicating a challenging interim period for the company.

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