Hong Kong's Lai Sun Development annual revenue rises, net loss narrows

Lai Sun Development

23/10/2026 14:11

Overview
Hong Kong property developer's full-yr revenue rose 3.4% yr/yr, driven by entertainment operations
Net loss attributable to owners narrowed from previous year
Company completed asset disposals and refinancing to improve liquidity

Outlook
Lai Sun Development aims to achieve asset disposals of HK$8 bln over next two yrs
Company expects to launch new Hong Kong residential sales in coming financial yr

Result Drivers
ENTERTAINMENT OPERATIONS - Co said revenue growth was mainly driven by eSun Group’s film, TV, media, entertainment and cinema operations
PROPERTY SALES - Revenue from property sales rose due to the sale of two accommodation towers in Hengqin Novotown Phase II, though this was partially offset by lower Hong Kong property sales
COMMERCIAL PROPERTY PRESSURE - Commercial real estate markets in Hong Kong and mainland China remained challenged by weak rental demand and subdued corporate spending

Company press release: Full Story

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
 
HK$5.07 bln
 
FY Net Loss Attributable
 
HK$2.40 bln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)