Tianyu Real Estate (00059) announced interim results. Losses attributable to owners of approximately HK$852 million narrowed by 14.09% year-on-year

Zhitongcaijing · 08/30 10:57

According to the Zhitong Finance App, Tianyu Real Estate (00059)'s 2024 interim results showed revenue of about HK$439 million, a year-on-year decrease of 56.95%; losses attributable to company owners were about HK$852 million, a year-on-year narrowing of 14.09%; loss per share was $0.101.

According to the announcement, losses were mainly due to a sharp decline in real estate sales; gross losses due to fierce market competition; an increase in financial expenses; and expected net foreign exchange losses due to fluctuations in foreign exchange rates.