HKG:0078 Income Statement

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Gain (Loss) on Sale of Investments (Rev)	2.2	3	7	3.7	12.1	-87.9
Other Revenue	1,469	1,401	1,596	1,813	990.9	480.2
Total Revenue	1,474	1,408	1,610	1,837	1,017	441.9
Revenue Growth (YoY	-7.14%	-12.57%	-12.34%	80.69%	130.08%	-80.91%
Property Expenses	1,179	1,138	1,140	973.3	751.1	592.9
Selling, General & Administrative	256.7	281.7	270.4	286.1	278.2	187.1
Depreciation & Amortization	598.5	603.3	618.6	623.8	537.1	522.5
Other Operating Expenses	-60.9	-61.4	-33.5	-38.4	-88.9	-74.4
Total Operating Expenses	1,974	1,962	1,995	1,845	1,478	1,228
Operating Income	-499.5	-553.7	-385	-7.7	-460.8	-786.2
Interest Expense	-894.1	-1,002	-963.7	-459.3	-259.4	-281.6
Interest & Investment Income	97.6	146.2	127.7	98.2	94	208.2
Other Non-Operating Income	-98.6	-92.5	-5.3	-4.2	-7.4	-8.5
EBT Excluding Unusual Items	-1,395	-1,502	-1,226	-373	-633.6	-868.1
Gain (Loss) on Sale of Investments	-150.6	-1,084	-921.4	-88.7	83.9	147.2
Gain (Loss) on Sale of Assets	-12	73.6	240.5	-	4	-
Asset Writedown	-214	-209.2	-43.9	-7.3	-0.1	-163
Other Unusual Items	-	-	-	23.7	-	-
Pretax Income	-1,771	-2,722	-1,951	-445.3	-545.8	-883.9
Income Tax Expense	28.9	11.5	-19.5	-34	-18.2	12.9
Earnings From Continuing Operations	-1,800	-2,733	-1,932	-411.3	-527.6	-896.8
Minority Interest in Earnings	123.9	135.2	139.7	53	33.2	10.9
Net Income	-1,676	-2,598	-1,792	-358.3	-494.4	-885.9
Preferred Dividends & Other Adjustments	113.8	114.1	114.6	114.8	113.6	113.4
Net Income to Common	-1,790	-2,712	-1,907	-473.1	-608	-999.3
Basic Shares Outstanding	899	899	899	899	899	899
Diluted Shares Outstanding	899	899	899	899	899	899
EPS (Basic)	-1.99	-3.02	-2.12	-0.53	-0.68	-1.11
EPS (Diluted)	-1.99	-3.02	-2.12	-0.53	-0.68	-1.11
Operating Margin	-33.88%	-39.33%	-23.91%	-0.42%	-45.32%	-177.91%
Profit Margin	-121.43%	-192.62%	-118.39%	-25.75%	-59.80%	-226.14%
EBITDA	-181.2	-232	-47.7	334.8	-160	-497.2
EBITDA Margin	-12.29%	-16.48%	-2.96%	18.22%	-15.74%	-112.51%
D&A For Ebitda	318.3	321.7	337.3	342.5	300.8	289
EBIT	-499.5	-553.7	-385	-7.7	-460.8	-786.2
EBIT Margin	-33.88%	-39.33%	-23.91%	-0.42%	-45.32%	-177.91%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.