Lai Fung Holdings (01125) announced annual results. Losses attributable to shareholders of HK$268 million decreased by 54.22% year-on-year

According to the Zhitong Finance App, Lai Fung Holdings (01125) announced the results for the year ended July 31, 2024. The group achieved a turnover of HK$2,193 billion, an increase of 21.79% over the previous year; losses attributable to the owners of the company were HK$268 million, a year-on-year decrease of 54.22%; and a loss of HK$0.809 per share.

The leasing portfolio remained stable, generating rental income of HK$995 million. Under pressure in the consumer market environment, it still maintained a stable rental rate and efficient operation, with an increase of 11.3% year-on-year.