TAI SANG LAND (00089.HK): Expects H1 Turnaround with Comprehensive Profit of Approximately HKD 58 Million

NewTimeSpace · 2026/08/17 17:13 · By Xuran Lin

NewTimeSpace News: On 17 August 2026, TAI SANG LAND (00089.HK) issued a positive profit alert, expecting H1 comprehensive profit of approximately HKD 58.0 million, versus a loss of approximately HKD 204.5 million a year earlier, and underlying profit of approximately HKD 1.0 million (versus a loss of approximately HKD 8.9 million), driven by fair value gains on investment properties, lower interest expenses and higher hotel revenue.

NewTimeSpace News: On 17 August 2026, Tai Sang Land Development Limited (stock code: 00089) issued a positive profit alert, expecting a comprehensive profit of approximately HKD 58.0 million for the six months ended 30 June 2026, turning around from a comprehensive loss of approximately HKD 204.5 million in the prior-year period, mainly attributable to fair value gains on investment properties versus losses a year earlier.

According to the announcement, the Group expects an underlying profit of approximately HKD 1.0 million for the period, versus an underlying loss of approximately HKD 8.9 million in the prior-year period, mainly due to lower interest expenses and increased revenue from hotel operations. The unaudited comprehensive results are expected to be published on 24 August 2026.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.

Tags：

TAI SANG LAND 00089.HK positive profit alert