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Annual Report Year ended 31 July 2024
Lai Sun Dev (00488.HK) adjusted EBITDA for the year is 1.15 billion Hong Kong dollars, a 46.4% year-on-year increase.
As of the end of the fiscal year ended July 31, 2024, despite an increase in the attributable loss to 3.67 billion Hong Kong dollars for lai sun dev (00488.HK), the group's operating loss in a challenging environment narrowed from 2.31 billion Hong Kong dollars in the previous fiscal year to 1.589 billion Hong Kong dollars: Adjusted EBITDA excluding interest, tax, depreciation, and amortization increased to 1.15 billion Hong Kong dollars, a year-on-year increase of 46.4%. Performance of the investment property portfolio.
Express News | Lai Sun Development FY Net Income HKD -3,764.7 Million
LAI SUN DEV: ANNOUNCEMENT OF FINAL RESULTS FOR THE YEAR ENDED 31 JULY 2024
Lai Sun Garment's Subsidiaries Record Attributable Loss for Fiscal 2024, Shares Down 3%
Relaxing residential mortgage loan conditions, resolving the issue of 'subdivided units', the Hong Kong property market welcomes multiple major bullish factors.
①"Relaxing mortgage restrictions has indirectly reduced initial expenses, lowered the entry threshold, and removed mortgage restrictions based on property prices or usage. It is believed that this measure will attract market demand and foreign capital back to the Hong Kong property market." ②" It is expected that the number of first-hand property transactions in October may reach 3,000 units, potentially hitting a new high in nearly 7 months, and property prices are also expected to stop falling and rebound in the fourth quarter."
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