LAI FUNG HOLD issued a profit warning, expecting the annual loss attributable to shareholders to increase by no less than 50% year-on-year
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LAI FUNG HOLD issued a profit warning, expecting that the annual consolidated loss attributable to the company's owners for the year ending July 31, 2025, will increase by no less than 50% compared to the previous year, with losses exceeding HKD 268 million. The increase in losses is mainly due to a decrease in sales as property projects are nearly sold out, as well as fair value losses on investment properties this year, whereas there were fair value gains in the previous fiscal year. Part of the losses was offset by improvements in administrative expenses, other operating expenses, and financing costs
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