New World Development reports $852 million net loss in H1

Reuters

2025/02/28

HONG KONG, Feb 28 (Reuters) - Hong Kong's New World Development 0017.HK reported on Friday a net loss of HK$6.63 billion ($852.45 million) for the first half ended in December, hurt by impairment and fair-value losses.

The figure, which counts only continuing operations, compares with a HK$502 million net profit a year earlier and follows a record HK$11.8 billion net loss for the full 2023/2024 financial year.

($1 = 7.7776 Hong Kong dollars)

(Reporting by Rajasik Mukherjee and Clare Jim; Editing by Jacqueline Wong)

((clare.jim@thomsonreuters.com;))

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Editing by Jacqueline Wong)</p><p> ((clare.jim@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0762540952.USD","symbol_name":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AC\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250228:nL2N3PJ099:1","article_id":"2514531241","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514531241","pubTimestamp":1740731680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"New World Development reports $852 million net loss in H1HONG KONG, Feb 28  - Hong Kong's New World Development 0017.HK reported on Friday a net loss of HK$6.63 billion  for the first half ended in December, hurt by impairment and fair-value losses. 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The figure, which counts only continuing operations, compares with a HK$502 million net profit a year earlier and follows a record HK$11.8 billion net loss for the full 2023/2024 financial year.          ($1 = 7.7776 Hong Kong dollars) (Reporting by Rajasik Mukherjee and Clare Jim; Editing by Jacqueline Wong) ((clare.jim@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}