Gran China International Holdings (00202.HK) announced on November 30 that for the six months ended September 30, 2021, earnings were about HK $64.898 million, an increase of 17.97% over the same period last year. The loss for the period attributable to the owners of the company was about HK $18.078 million, which narrowed by 67.07% year-on-year, and the loss per share was 0.248 Hong Kong cents per share.
The narrowing of the net loss was mainly due to the net impact of: (I) no impairment loss on the Group's property, plant and equipment was recognised during the period; (ii) a change in the fair value of the Group's investment properties of approximately HK $9.639 million; and (iii) a change in the fair value of the financial assets at fair value in the income statement of approximately HK $2.738 million. And (iv) the reduction in financial costs arising from other borrowings resulted in a reduction in financial costs of approximately HK $38.291 million to approximately HK $13.182 million during the period.