Impairment ProvisionsFurther impairment provision made for China development.
Profit Decline1H25 underlying profit fell 30% y/y to HKD978mn, below expectation, due to lower-than-expected rental and development earnings, and interest capitalised.
Rental RevenueOverall Rental revenue declined 6% YoY on tough office markets in both China and HK, soft HK retail, together with disruption of Megabox Renovation.