HK Economic Times Press, 24th - Wynn Real Estate Development (00864) announced an interim loss of HK$55.248 million for the six months ended June 30, narrowed from a loss of HK$165 million in the same period last year; loss per share was 14.31 cents, no interim dividend will be paid.
The group stated that revenue was HK$10.051 million, down 12.2%, mainly due to providing greater rental concessions to tenants during the period; the total market value of investment properties was approximately HK$270 million, a decrease of about HK$58.3 million, primarily attributable to a reduction in the net change of fair value of investment properties. (wh)
*For details regarding the results, please refer to the company's official announcement
The group stated that revenue was HK$10.051 million, down 12.2%, mainly due to providing greater rental concessions to tenants during the period; the total market value of investment properties was approximately HK$270 million, a decrease of about HK$58.3 million, primarily attributable to a reduction in the net change of fair value of investment properties. (wh)
*For details regarding the results, please refer to the company's official announcement