AUTO ITALIA announced its interim results, with profit attributable to shareholders of HKD 8.425 million, turning from a loss to a profit year-on-year
AUTO ITALIA announced its mid-term results for 2025, with total revenue of HKD 19.214 million, a year-on-year increase of 22.63%; the profit attributable to the company's owners was HKD 8.425 million, turning a profit from a loss compared to the previous year, with earnings per share of HKD 0.016. The profit mainly came from the reduction of unrealized fair value losses from investments in joint ventures and the net unrealized fair value gains from investment properties
According to the Zhitong Finance APP, AUTO ITALIA (00720) announced its interim results for 2025, with total revenue of HKD 19.214 million, a year-on-year increase of 22.63%; the profit attributable to the company's owners was HKD 8.425 million, turning a profit from a loss compared to the previous year; earnings per share were HKD 0.016.
The announcement stated that the profit mainly came from the reduction of unrealized fair value losses on investments in an associate measured at fair value through profit or loss, which was approximately HKD 1.1 million during this period, compared to approximately HKD 60.2 million in the previous period; as well as the net unrealized fair value gains generated from investment properties, which were approximately HKD 16.1 million during this period, while the previous period recorded a fair value loss of approximately HKD 3 million
