KING'S FLAIR released its interim results, with a loss attributable to shareholders of HKD 40.978 million, turning from profit to loss year-on-year
KING'S FLAIR released its interim results for the period ending June 30, 2025, reporting a loss attributable to shareholders of HKD 40.978 million, a shift from profit to loss year-on-year. The group's revenue was HKD 250 million, a decrease of 25% year-on-year. The reasons for the loss include reduced revenue due to U.S. tariffs and uncertain policy outlook, as well as continued losses in the fair value of investment properties
According to the Zhitong Finance APP, KING'S FLAIR (06822) released its interim results for the six months ending June 30, 2025, reporting revenue of HKD 250 million, a decrease of 25% year-on-year; the loss attributable to shareholders was HKD 40.978 million, compared to a profit of HKD 3.426 million in the same period last year; the loss per share was HKD 0.059.
The announcement stated that the shift from profit to loss was mainly due to reduced revenue caused by U.S. tariffs and unclear prospects for expanded policies, as well as continued losses in the fair value of investment properties during the period. In addition, the Group's advanced manufacturing center located in Tseung Kwan O Industrial Estate commenced operations in nanofiber production, resulting in increased depreciation and other operating expenses
