Tai Sang Land Posts Loss Amid Property Revaluation

Tai Sang Land Development Limited (HK:0089) has released an update.

Tai Sang Land Development Limited reported a loss of HK$162.6 million for the six months ending 30th June 2024, a significant downturn from the HK$146.5 million profit in the previous year, largely due to HK$144.2 million in fair value losses on investment properties. Revenue slightly increased to HK$240.6 million, up 4.5% from the same period last year, while an interim dividend of HK4 cents per share was declared, down from HK6 cents in 2023.

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