Shun Tak narrows loss as revenue falls 38% in first half

Shun Tak Holdings reported a narrower loss for the first half of 2025 despite a sharp decline in revenue, supported by improved underlying performance after excluding property valuation changes.

The Hong Kong-listed conglomerate said revenue fell 38% year on year to HKD1.35 billion for the six months ended June 30, down from HKD2.16 billion in the same period last year. The company attributed the decline primarily to weaker contributions from its property segment.

Loss attributable to shareholders narrowed to HKD120.5 million, compared with HKD428.1 million a year earlier, representing a 72% improvement. Basic and diluted loss per share both stood at HKD4.0 cents, compared with HKD14.2 cents in the prior-year period.

Excluding unrealized fair value changes on investment properties and those held through joint ventures and associates, Shun Tak reported an underlying profit of HKD269.8 million. This compares with a loss of HKD108.4 million in the first half of 2024, marking a 349% turnaround.

Shun Tak, which operates across property, transportation, and hospitality, did not provide detailed segment breakdowns in the release but indicated that operational fundamentals had strengthened during the period.

The group’s performance reflects stabilization in its core operations, even as headline revenue remained under pressure. The company said it would continue to monitor market conditions closely, particularly in the property sector, while focusing on cost management and operational efficiency to support earnings. NS