Hong Kong's New City Development Group HY loss widens on higher costs

New City Development

31/08/2026 11:57

Overview
Hong Kong property developer's interim revenue fell sharply yr/yr for six months ended June 2026
Net loss attributable to owners widened significantly yr/yr for the period
Company's interim results reflect higher operating and finance costs

Outlook
 New City Development expects to fully use HK$2.945 mln of subscription proceeds as working capital by end-2026

Result Drivers
OPERATING COSTS - Interim results reflect higher administrative and other operating expenses
FINANCE COSTS - Interim results reflect higher finance costs

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
HK$7.30 mln
 
H1 Net Loss Attributable to Owners of the Company
 
HK$93.90 mln
 

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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.)