Shanghai Industrial Urban Development expects FY2025 loss of HKD 900 million to HKD 1 billion

Reuters03-10
<a href="https://laohu8.com/S/SGHIF">Shanghai Industrial</a> Urban Development expects FY2025 loss of HKD 900 million to HKD 1 billion

Shanghai Industrial Urban Development Group expects a loss attributable to owners of HKD 900 million to HKD 1 billion for the year ended 31 December 2025, versus a loss of HKD 331.2 million a year earlier. It said total revenue is expected to fall by about 65% to 75% year over year, mainly due to fewer project deliveries. The group also expects gross profit to decline by about 60% to 70%, citing lower sales of delivered commodity housing projects.

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