From Profit to Loss: Wang Mingxing Controls HPL, with a Net Loss of 57.7 Million Yuan in the Second Half of Fiscal Year 2025 | Lianhe Zaobao
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Hotel Properties Limited turned from profit to loss in the second half of fiscal year 2025, with a net loss of HKD 57.7 million, a significant decline from the net profit of HKD 32.1 million in the same period last year. The total net loss for the year was HKD 46.2 million, compared to a net profit of HKD 27.2 million the previous year. Despite the losses, the board still recommended a dividend of 4 cents per share. The losses were mainly due to fair value losses on long-term investments and rising financing costs. Revenue in the second half of fiscal year 2025 grew by 5.4%, with an annual growth of 7.2%
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