Latest news with #InterimResults
Malay Mail
4 days ago
- Business
- Malay Mail
Sunlight Real Estate Investment Trust ("Sunlight REIT") Interim Results for the Six Months Ended 30 June 2025
Six months ended 30 June 2025 Six months ended 30 June 2024Note Change (%) Revenue 391.2 411.0 (4.8) Net property income 307.4 324.9 (5.4) (Loss) / profit after taxation (172.2) 79.5 N/A Distributable income 168.6 171.6 (1.8) Distribution per unit (HK cents) 9.1 9.1 - Payout ratio (%) 93.8 90.9 N/A At 30 June 2025 At 31 December 2024 Change (%) Portfolio valuation 17,630.5 17,933.6 (1.7) Net asset value 12,634.1 13,010.1 (2.9) Net asset value per unit (HK$) 7.27 7.53 (3.5) Gearing ratio (%) 27.4 27.0 N/A HONG KONG SAR - Media OutReach Newswire - 11 August 2025 - Henderson Sunlight Asset Management Limited (the "r") announces the interim results of Sunlight REIT for the six months ended 30 June 2025 (the "").Sunlight REIT recorded a 4.8% year-on-year decline in revenue to HK$391.2 million for the Reporting Period. Net property income was down by 5.4% to HK$307.4 million and the cost-to-income ratio was 21.4%.Distributable income was relatively sturdy with a mild drop of 1.8% to HK$168.6 million, reflecting the positive impact from an approximately 14% savings in cash interest expense to HK$91.5 million. The Board has resolved to declare an interim distribution per unit of HK 9.1 cents, representing a payout ratio of 93.8% and an annualized distribution yield of 8.1% based on the closing price of HK$2.26 on the last trading day of the Reporting 30 June 2025, the appraised value of Sunlight REIT's real estate portfolio was HK$17,630.5 million. Total assets stood at HK$18,220.2 million, while its net assets attributable to unitholders came in at HK$12,634.1 million, implying a net asset value of HK$7.27 per overall occupancy rate of Sunlight REIT's portfolio at 30 June 2025 was 89.2% as compared to 91.3% at 31 December 2024, of which the office occupancy rate dropped to 90.0%, while the retail occupancy rate came in at 87.6%. At 30 June 2025, the passing rent of the office portfolio declined mildly by 1.2% from six months ago to HK$31.7 per sq. ft., while that of the retail portfolio was stable at HK$65.5 per sq. 30 June 2025, the occupancy rate of Dah Sing Financial Centre was 90.6%, while its passing rent remained steady at HK$36.3 per sq. ft. As for the retail portfolio, Sheung Shui Centre Shopping Arcade recorded a lower occupancy rate of 87.0% at 30 June 2025, but its passing rent registered a slight improvement to HK$105.2 per sq. ft. Meanwhile, due to the departure of an education tenant in the second quarter of 2025, the occupancy rate of Metro City Phase I Property slipped to 87.1%, while its passing rent was HK$53.9 per sq. the Manager, said, "Hong Kong's commercial property market has yet to benefit from a more stable economic setting as the ongoing headwinds remain stiff, and the pressure of negative rental reversion is likely to stay. However, we are delighted to report that the refinancing of borrowings maturing in the next 12 months is progressing smoothly with favourable indicative pricing, underscoring the financial strength of Sunlight REIT. In sum, while it is envisaged that operational hurdles are bound to persist, the possibility of lower funding costs may help alleviate pressure on distributable income."(in HK$' million, unless otherwise specified)Note: The comparative figures are derived from the condensed interim financial statements for the 12 months ended 30 June The information contained in this press release does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for units in Sunlight REIT in Hong Kong or any other #SunlightREIT #REIT The issuer is solely responsible for the content of this announcement. About Sunlight REIT Listed on The Stock Exchange of Hong Kong Limited since 21 December 2006, Sunlight REIT (stock code: 435) is a real estate investment trust authorized by the Securities and Futures Commission, and constituted by the trust deed dated 26 May 2006 (as amended and restated) (the "Trust Deed"). It offers investors the opportunity to invest in a diversified portfolio of 11 office and six retail properties in Hong Kong with a total gross rentable area of approximately 1.3 million sq. ft. The office properties are located in both core and decentralized business areas, while the retail properties are situated in regional transportation hubs, new towns and urban areas with high population density. About the Manager The Manager of Sunlight REIT is an indirect wholly-owned subsidiary of Henderson Land Development Company Limited. Its main responsibility is to manage Sunlight REIT and all of its assets in accordance with the Trust Deed in the sole interest of its unitholders.
Yahoo
5 days ago
- Business
- Yahoo
China XLX Announces 2025 Interim Results
Q2 Profit Saw Strong QoQ Rebound On Improved Sales Volume and Selling Prices of Products 2025 Interim Results Highlights： Q2 revenue grew by 16.7% QoQ to approximately RMB 6.82 billion. Profit attributable to owners of the parent for Q2 surged by 103.4% QoQ to approximately RMB 402million. The Group continued to optimize the debt structure, with the ratio of long-term borrowings to short-term borrowings improved from 6:4 at the beginning of this year to 7:3 at the end of June and the finance expenses dropped by 14% YoY in the first half. The debt-to-asset ratio stayed at a healthy level of 63.5%. HONG KONG, HK / / August 10, 2025 / China XLX Fertiliser Ltd. ("China XLX" or the "Company", together with its subsidiaries collectively referred to as the "Group"), announced that the Group's revenue for the three months ended 30 June 2025 grew by 16.7% quarter-on-quarter to approximately RMB 6.82 billion. Profit attributable to owners of the parent for the period climbed 103.4% quarter-on-quarter to approximately RMB 402 million. In the first half of this year (the "Review Period"), the Group posted revenue of approximately RMB 12.666 billion, up 5.0% year-on-year. Profit attributable to owners of the parent for the period reduced by 12.8% year-on-year to approximately RMB 599 million. While the Group's first-quarter results were dragged by lower product prices, its second-quarter results significantly improved from previous quarter. The selling prices of its products, in particular those of urea and melamine, remarkably rebounded in the second quarter on a gradual pickup in downstream demand. Underpinned by enhanced marketing efforts and orderly deployment of new production capacity, the Group's revenue steadily grew as the sales volumes of different products increased at varying degrees Revenue from urea sales in the first half amounted to approximately RMB 3.225 billion, down by 16% year-on-year mainly due to 19% year-on-year decrease in average selling price. Owing to a combination of factors including market imbalance, export control and reduction in feedstock prices, urea selling prices spiraled downwards early this year and hence dragged down the average selling price of urea for the first half. Nevertheless, urea prices gradually picked up in the second quarter and grew by 10% from previous quarter as the urea export policy became clear and downstream demand was continually unleashed. The Group seized the opportunity arising from eased export control to vigorously expand into overseas markets, resulting in an increased export of 47,000 tons from a year ago and 4% year-on-year growth in the sales volume of urea. Moreover, it continued to strengthen the production technology and took advantage of the favorable environment from declined coal prices to bargain with suppliers for greater reduction in coal costs. As a result, the average production cost came down by 7% year-on-year. Mainly driven by 8% year-on-year growth in sales volume, revenue from the sale of compound fertilisers grew by 5% year-on-year to approximately RMB 3.566 billion in the first half. The successful commissioning of Guangxi Production Base enabled the Group to cover the Guangdong, Guangxi and Hainan markets. The robust agricultural demand in South China, a major cash crop producing area, drove steady growth in the sales volume of compound fertilisers and led to 11% year-over-year increase in the sales volume of high-efficiency fertilisers. Guangxi Production Base allows the Group to better serve the regional markets. Revenue from the sale of methanol reached approximately RMB 1.642 billion in the first half, representing 27% year-over-year growth. As the growth pace of production capacity in the market slowed down and many downstream facilities commenced operation, the methanol market showed signs of improvement. In the context of such market environment, the Group signed strategic long-term agreements with upstream suppliers in advance. With stepped-up efforts to stabilize the selling prices and expand foreign trade, the sales volume of methanol grew 28% year-on-year. During the Review Period, the Group continued to optimize the debt structure and expand the financing channels, with the ratio of long-term borrowings to short-term borrowings improved from 6:4 at the beginning of this year to 7:3 at the end of June. Such loan arrangements not only aligned with the development cycles of the Group's projects and fully met their funding needs, but also helped mitigate the Group's short-term debt repayment pressure and further strengthened its debt structure. Meanwhile, the Group took advantage of interest rate cuts to refinance high-interest loans, resulting in 0.8 percentage point decrease in average lending rates and 14% year-on-year decrease in finance expenses in the first half. As of the end of June, the Group's debt-to-asset ratio remained at a healthy level of 63.5%. When the Phase II of Jiangxi Project commences operation in the third quarter of this year as planned, it will generate positive cash flow to the Group in the second half, hence reducing the pressure from capital expenditures for the full year and keeping its debt-to-asset ratio within a reasonable range. Looking ahead into the second half, Mr. Liu Xingxu, Chairman of China XLX , said: Urea prices are expected to stabilize amid sufficient supply in domestic nitrogenous fertiliser market, stable demand and orderly adjustment of urea exports. Furthermore, as the modernization of China's agriculture gathers momentum, the country's crop cultivation areas will continue to expand. There is robust demand for high-efficiency fertilisers from large-scale farmers. Mr. Liu Xingxu noted that the Group is China's leading advocate for high-efficiency fertilisers. It is committed to the research and applications of advanced technology such as slow-release and controlled-release fertilisers and fertigation. Through vigorous efforts to promote the economical use of water and fertilisers, the efficient planting to boost yields and the fertiliser applications for modern agriculture, the Group reinforces its competitive edges in the market. Meanwhile, it will stick to the strategy of driving "high-quality development based on fertiliser business". By establishing a strong foothold on synthetic ammonia production, it will leverage the economies of scale and the production base model to achieve low-cost operation in coal gasification through efficient recycling of resources at production bases. The Phase II of Jiangxi Production Base is slated for production in the third quarter of this year, and the New Chemical Materials Project at Xinxiang Production Base is scheduled to commence operation in the first quarter of 2026. Meanwhile, the development of new production bases in Guangxi and Zhundong is progressing on schedule. When all facilities under construction are fully operational by 2027, the Group's cash inflow will significantly outstrip its capital expenditures and hence create a virtuous cycle of "investment, output and growth". ~ END ~ About China XLX Fertiliser Ltd. China XLX Fertiliser Ltd. is one of the largest and most cost-efficient coal-based urea producers in China. It is principally engaged in developing, manufacturing and selling of urea, compound fertiliser, methanol, dimethyl ether, melamine, furfuryl alcohol, furfural, 2-methylfuran, pharmaceutical intermediates and related differentiated products. The Group adheres to the development strategy of "maintaining overall cost leadership and creating competitive differentiation" while strengthening the core fertiliser operations. With support of the resources in Xinxiang, Xinjiang and Jiangxi, it extends the value chain to upstream new energy and new materials and diversifies into coal chemical related products. The Company's shares (stock code: are traded on the main board of the Hong Kong Stock Exchange. Investor and Media Enquiries China XLX Fertiliser LinTel: 86-135-6942-3415Email: PRChina LimitedRachel ChenTel: 852-2522 1368 / 852-2522 1838Email: rchen@ File: 【Press Release】China XLX Announces 2025 Interim ResultsFile: China XLX Announces 2025 Interim Results SOURCE: China XLX Fertiliser Ltd. View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
5 days ago
- Business
- Associated Press
China XLX Announces 2025 Interim Results
Q2 Profit Saw Strong QoQ Rebound On Improved Sales Volume and Selling Prices of Products 2025 Interim Results Highlights： HONG KONG, HK / ACCESS Newswire / August 10, 2025 / China XLX Fertiliser Ltd. ('China XLX' or the 'Company', together with its subsidiaries collectively referred to as the 'Group'), announced that the Group's revenue for the three months ended 30 June 2025 grew by 16.7% quarter-on-quarter to approximately RMB 6.82 billion. Profit attributable to owners of the parent for the period climbed 103.4% quarter-on-quarter to approximately RMB 402 million. In the first half of this year (the 'Review Period'), the Group posted revenue of approximately RMB 12.666 billion, up 5.0% year-on-year. Profit attributable to owners of the parent for the period reduced by 12.8% year-on-year to approximately RMB 599 million. While the Group's first-quarter results were dragged by lower product prices, its second-quarter results significantly improved from previous quarter. The selling prices of its products, in particular those of urea and melamine, remarkably rebounded in the second quarter on a gradual pickup in downstream demand. Underpinned by enhanced marketing efforts and orderly deployment of new production capacity, the Group's revenue steadily grew as the sales volumes of different products increased at varying degrees Revenue from urea sales in the first half amounted to approximately RMB 3.225 billion, down by 16% year-on-year mainly due to 19% year-on-year decrease in average selling price. Owing to a combination of factors including market imbalance, export control and reduction in feedstock prices, urea selling prices spiraled downwards early this year and hence dragged down the average selling price of urea for the first half. Nevertheless, urea prices gradually picked up in the second quarter and grew by 10% from previous quarter as the urea export policy became clear and downstream demand was continually unleashed. The Group seized the opportunity arising from eased export control to vigorously expand into overseas markets, resulting in an increased export of 47,000 tons from a year ago and 4% year-on-year growth in the sales volume of urea. Moreover, it continued to strengthen the production technology and took advantage of the favorable environment from declined coal prices to bargain with suppliers for greater reduction in coal costs. As a result, the average production cost came down by 7% year-on-year. Mainly driven by 8% year-on-year growth in sales volume, revenue from the sale of compound fertilisers grew by 5% year-on-year to approximately RMB 3.566 billion in the first half. The successful commissioning of Guangxi Production Base enabled the Group to cover the Guangdong, Guangxi and Hainan markets. The robust agricultural demand in South China, a major cash crop producing area, drove steady growth in the sales volume of compound fertilisers and led to 11% year-over-year increase in the sales volume of high-efficiency fertilisers. Guangxi Production Base allows the Group to better serve the regional markets. Revenue from the sale of methanol reached approximately RMB 1.642 billion in the first half, representing 27% year-over-year growth. As the growth pace of production capacity in the market slowed down and many downstream facilities commenced operation, the methanol market showed signs of improvement. In the context of such market environment, the Group signed strategic long-term agreements with upstream suppliers in advance. With stepped-up efforts to stabilize the selling prices and expand foreign trade, the sales volume of methanol grew 28% year-on-year. During the Review Period, the Group continued to optimize the debt structure and expand the financing channels, with the ratio of long-term borrowings to short-term borrowings improved from 6:4 at the beginning of this year to 7:3 at the end of June. Such loan arrangements not only aligned with the development cycles of the Group's projects and fully met their funding needs, but also helped mitigate the Group's short-term debt repayment pressure and further strengthened its debt structure. Meanwhile, the Group took advantage of interest rate cuts to refinance high-interest loans, resulting in 0.8 percentage point decrease in average lending rates and 14% year-on-year decrease in finance expenses in the first half. As of the end of June, the Group's debt-to-asset ratio remained at a healthy level of 63.5%. When the Phase II of Jiangxi Project commences operation in the third quarter of this year as planned, it will generate positive cash flow to the Group in the second half, hence reducing the pressure from capital expenditures for the full year and keeping its debt-to-asset ratio within a reasonable range. Looking ahead into the second half, Mr. Liu Xingxu, Chairman of China XLX , said: Urea prices are expected to stabilize amid sufficient supply in domestic nitrogenous fertiliser market, stable demand and orderly adjustment of urea exports. Furthermore, as the modernization of China's agriculture gathers momentum, the country's crop cultivation areas will continue to expand. There is robust demand for high-efficiency fertilisers from large-scale farmers. Mr. Liu Xingxu noted that the Group is China's leading advocate for high-efficiency fertilisers. It is committed to the research and applications of advanced technology such as slow-release and controlled-release fertilisers and fertigation. Through vigorous efforts to promote the economical use of water and fertilisers, the efficient planting to boost yields and the fertiliser applications for modern agriculture, the Group reinforces its competitive edges in the market. Meanwhile, it will stick to the strategy of driving 'high-quality development based on fertiliser business'. By establishing a strong foothold on synthetic ammonia production, it will leverage the economies of scale and the production base model to achieve low-cost operation in coal gasification through efficient recycling of resources at production bases. The Phase II of Jiangxi Production Base is slated for production in the third quarter of this year, and the New Chemical Materials Project at Xinxiang Production Base is scheduled to commence operation in the first quarter of 2026. Meanwhile, the development of new production bases in Guangxi and Zhundong is progressing on schedule. When all facilities under construction are fully operational by 2027, the Group's cash inflow will significantly outstrip its capital expenditures and hence create a virtuous cycle of 'investment, output and growth'. ~ END ~ About China XLX Fertiliser Ltd. China XLX Fertiliser Ltd. is one of the largest and most cost-efficient coal-based urea producers in China. It is principally engaged in developing, manufacturing and selling of urea, compound fertiliser, methanol, dimethyl ether, melamine, furfuryl alcohol, furfural, 2-methylfuran, pharmaceutical intermediates and related differentiated products. The Group adheres to the development strategy of 'maintaining overall cost leadership and creating competitive differentiation' while strengthening the core fertiliser operations. With support of the resources in Xinxiang, Xinjiang and Jiangxi, it extends the value chain to upstream new energy and new materials and diversifies into coal chemical related products. The Company's shares (stock code: are traded on the main board of the Hong Kong Stock Exchange. Investor and Media Enquiries File: 【Press Release】China XLX Announces 2025 Interim Results File: China XLX Announces 2025 Interim Results SOURCE: China XLX Fertiliser Ltd. press release
Associated Press
30-07-2025
- Business
- Associated Press
Pacific Century Premium Developments Limited announces interim results for six months ended June 30, 2025
2025 Interim Results - Financial Highlights (Figures for the corresponding period in 2024 are shown in brackets) HONG KONG SAR - Media OutReach Newswire – 30 July 2025 - Pacific Century Premium Developments Limited ('PCPD', SEHK: 00432) announced its interim results for the six months ended June 30, 2025. The consolidated revenue of PCPD and its subsidiaries (together, the 'Group') amounted to HK$ 736 million, compared to HK$ 545 million for the corresponding period of 2024. The Group's consolidated loss attributable to equity holders of the Company for the first six months of 2025 totalled HK$249 million, compared to a net loss of HK$153 million for the corresponding period last year. Basic loss per share for the six months ended June 30, 2025 was 12.23 Hong Kong cents, compared to a loss per share of 7.52 Hong Kong cents for the corresponding period of 2024. The Board of Directors did not declare an interim dividend for the first half of 2025. Throughout the first half of 2025, the Group continued to build on its growth momentum and delivered a solid set of results. Our operations in Japan were particularly strong, supported in part by robust tourism growth and a relatively weak Japanese Yen. Park Hyatt Niseko, Hanazono, our hospitality business in Niseko, Hokkaido, reported a significant uplift in revenue. During the period, our ski operations remained a standout performer in the region. Earnings from our recreational facilities at the resort, ski lifts, equipment rentals, 'Hanazono EDGE' (a restaurant and entertainment centre) and Niseko International Snowsports School continued to grow steadily year-on-year. We will remain focused on enhancing Niseko Hanazono Resort into a world-class, all-season luxury resort, and we are confident in its ability to deliver long-term value. In Jakarta, our premium commercial building, PCP Jakarta, delivered a steady performance and remained a reliable revenue contributor to the Group. As of June 30, 2025, the office space committed occupancy was 85 %. The gross rental income amounted to HK$100 million for the six months ended June 30, 2025, as with the same period in 2024. As for the development of the project at 3–6 Glenealy, Central, Hong Kong, the construction of its superstructure has been progressing well. The project is scheduled to be completed by early 2026. Mr. Benjamin Lam, PCPD's Deputy Chairman and Group Managing Director, said: 'The year 2025 has been characterised by geopolitical uncertainties and a global economy continuing to adjust to changes. Despite some optimistic projections at the start of the year, the first half has been marked by slower-than-expected economic growth in some developed nations. Despite these headwinds, the global economy has shown encouraging resilience. Inflation in many advanced economies is moderating, and business investment is gradually picking up as confidence improves. With its diversified portfolio and strong business fundamentals, PCPD is well positioned to navigate the evolving landscape and gain its growth momentum. Moving into the second half of the year, we aim to leverage our existing key resources, and maximise value for our stakeholders to achieve sustainable business growth.' Hashtag: #PCPD The issuer is solely responsible for the content of this announcement. About PCPD Pacific Century Premium Developments Limited ('PCPD' or the 'Group', SEHK: 00432) is principally engaged in the development and management of premium-grade property and infrastructure projects as well as premium-grade property investments. PCCW Limited ('PCCW', SEHK: 00008) is the single largest shareholder of the Group.
