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Wang On Properties Ltd. ( (HK:1243) ) just unveiled an update.
Wang On Properties Ltd. announced its unaudited interim results for the six months ended 30 September 2025, reporting a significant decline in profitability. Despite a 31% increase in contracted sales and a 38% rise in revenue compared to the previous year, the company experienced a gross loss of HK$17 million and a net loss attributable to owners of HK$384 million. This downturn is attributed to increased costs and other expenses, impacting the company’s financial position and leading to a 14% decrease in net asset value. The results highlight challenges in the market and operational pressures, affecting stakeholders’ outlook.
More about Wang On Properties Ltd.
Wang On Properties Ltd. is a real estate company incorporated in Bermuda, focusing on property development and investment. The company operates primarily in the Hong Kong market, engaging in the acquisition, development, and sale of residential and commercial properties.
Average Trading Volume: 2,882,925
Technical Sentiment Signal: Sell
Current Market Cap: HK$562.4M
See more insights into 1243 stock on TipRanks’ Stock Analysis page.