Lai Fung Holdings Limited Announced earnings guidance for the year ended 31 July 2021. For the year, the company expected to decrease by no less than 70% as compared to a net loss of approximately HKD 539 million for the year ended 31 July 2021. The narrowed loss is primarily a mix of improved profitability of property sales; increase in fair value gains on investment properties owned by the Group during the Year as compared to last year; and increase in impairment losses of property, plant and equipment for the Year.

The narrowed loss is primarily a mix of improved profitability of property sales; increase in fair value gains on investment properties owned by the Group during the Year as compared to last year; and increase in impairment losses of property, plant and equipment for the Year.