Tao Heung Holdings Ltd. released its unaudited interim results for the six months ending June 30, 2025. The Group reported a total revenue of approximately HK$1.14 billion, reflecting an 11.3% decline compared to HK$1.29 billion for the same period in 2024. The loss for the period was HK$35.8 million, a significant decline from a profit of HK$9.4 million in 2024. The loss attributable to equity holders was HK$37 million, compared to a profit of HK$4 million in the previous year. Revenue from Hong Kong operations fell by approximately 6.1%, amounting to HK$787 million, down from HK$838.1 million in 2024. The Group experienced a loss attributable to equity holders of HK$6.4 million in Hong Kong, contrasting with a profit of HK$5.5 million in the previous year. The Group's management remains committed to strengthening product quality, service quality, and the dining environment as part of its strategic focus. Efforts to enhance digitalization and productivity are also ongoing, aiming to boost competitiveness and achieve sustainable development. The management anticipates continued challenges in the second half of the year due to structural changes in the Hong Kong market and evolving consumption patterns in Mainland China. The Board has resolved not to declare an interim dividend for this period.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tao Heung Holdings Ltd. published the original content used to generate this news brief on August 28, 2025, and is solely responsible for the information contained therein.
Comments