Lai Sun Development (HKG:0488) shrank its attributable loss for the six months ended Jan. 31 to HK$117.8 million from the HK$1.85 billion loss in the year-ago period, a March 21 filing with the Hong Kong bourse said.
Loss per share stood at HK$0.081, down from HK$1.275 in the corresponding period of the last fiscal year.
The property developer saw its turnover for the half year fall to HK$2.55 billion from HK$3.04 billion a year prior.
The firm attributed the shrinking of loss mainly to the fair value changes of its investment properties, an improved contribution from joint ventures, a gain on the disposal of a unit, and lower finance costs.
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