TAI UNITED HOLD announced its interim results, with a loss attributable to shareholders of approximately HKD 198 million, a year-on-year narrowing of 21.07%
TAI UNITED HOLD announced its mid-term results for 2025, with total revenue of HKD 64.762 million, a year-on-year decrease of 1.56%; the loss attributable to shareholders was approximately HKD 198 million, a year-on-year narrowing of 21.07%; the loss per share was 3.78 HK cents. The reasons for the reduction in loss include a decrease in the fair value of investment properties by HKD 83.1 million, a provision of HKD 50.3 million for guarantee contracts, and financial costs of HKD 76.7 million
According to the Zhitong Finance APP, TAI UNITED HOLD (00718) announced its interim results for 2025, with total revenue of HKD 64.762 million, a year-on-year decrease of 1.56%; the loss attributable to shareholders was approximately HKD 198 million, a year-on-year narrowing of 21.07%; and the loss per share was HKD 0.0378.
The announcement stated that the reduction in loss was due to the combined effects of the following factors: the fair value of investment properties decreased by approximately HKD 83.1 million due to a slowdown in the retail rental market; a provision of approximately HKD 50.3 million was made during the reporting period for guarantee contracts, which were guarantees provided by the direct holding companies of Guangzhou Shopping Center and Jinzhou Shopping Center to banks in mainland China for third-party loans, and the seller did not disclose these guarantees to the group when acquiring the holding companies of the two shopping centers; and financial costs during the reporting period were approximately HKD 76.7 million, mainly due to the acquisition of Guangzhou Shopping Center and related bank loans of approximately RMB 1.345 billion
