PALIBURG HOLD issued a profit warning, expecting the interim comprehensive loss attributable to shareholders to decrease to HKD 613 million
PALIBURG HOLD announced a profit warning, expecting the interim consolidated loss attributable to shareholders for the period ending June 30, 2025, to decrease to approximately HKD 613 million, an improvement compared to HKD 676 million for the same period in 2024. Despite a decline in property business revenue due to the sluggish real estate market in Hong Kong and mainland China, the hotel business performance through Regal Hotels International Holdings Limited remained stable, with an increase in revenue
According to the announcement from PALIBURG HOLD (00617), the group expects to incur a consolidated loss attributable to shareholders of approximately HKD 613 million for the six months ending June 30, 2025 (the interim period of 2025), compared to a loss of HKD 676 million for the same period in 2024.
Property and hotel are the two main businesses of the group. The group primarily engages in property business in Hong Kong and mainland China. Due to the sluggish real estate market in both regions, revenue from the property segment has decreased compared to the same period in 2024. However, the hotel business conducted through the company's main listed subsidiary Regal Hotels International Holdings Limited continues to perform steadily, with revenue contribution increasing compared to the previous comparable period
