Hong Kong's Lai Sun Garment adj EBITDA falls on loss from property sale

Lai Sun Garment International

23/10/2026 14:29

Overview
Hong Kong property and entertainment group's annual revenue rose
Adjusted EBITDA fell yr/yr, mainly due to losses on property sales in Hengqin Novotown
Net loss attributable to owners narrowed, helped by higher revenue and reversal of property write-downs

Outlook
Company says it will continue orderly deleveraging and focus on core business development

Result Drivers
ESUN REVENUE GROWTH – Co said turnover growth was primarily driven by eSun's film and TV, media and entertainment, and cinema businesses
PROPERTY SALES - Revenue from sale of accommodation tower in Hengqin Novotown Phase II offset by lower Hong Kong property sales due to limited units
PROPERTY SALE LOSS - Adjusted EBITDA fell mainly due to loss incurred on sale of accommodation tower in Hengqin Novotown Phase II

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
 
HK$5.17 bln
 
FY Net Loss Attributable
 
HK$1.39 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.)