Lippo (00226) said it reported a loss attributable to equity holders of HK$105 million for the six months ended 30 September 2014, as compared to the profit of HK$272 million for the same period in 2013.
Its basic loss per share was HK21 cents.
The revenue was HK$1,499 million, a decrease of 55.1% from a year earlier.
Lippo said the profit for 2013 was mainly attributable to the significant profit arising from the Group's property development project in Beijing which was completed in the third quarter of 2013, gain on disposal of available-for-sale financial assets and share of profit of joint ventures from the write back of deferred tax liabilities. During reporting period, no new property development projects were completed by the Group and there were no gain on disposal of available-for-sale financial assets and share of profit of joint ventures.
The proposed interim dividend is HK3 cents (2013: HK3 cents) per share, payable on or about 30 January 2015.
28/11/2014 11:41
Lippo (00226) interim net turns red to HK$105m; div HK3 cts
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