A “significant” decrease in profit attributable to equity holders is expected by Lai Sun Garment International for its fiscal year ending July 31.
Its profit attributable to equity holders last year came in at about HK$1.29 billion (US$166.43 million).
The group’s principal activities including investing in and running hotels and restaurants, as well as property investment and development, and it attributes its profit dip primarily to a substantially lower revaluation of the group’s investment properties during the year.
The audited final results for the year are expected to be published in late October.