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Art Group Swings to Fiscal H1 Earnings as Loss on Fair Value Changes on Investment Properties Narrows

MT Newswires ·  03/01 11:22

10:19 PM EST, 02/28/2022 (MT Newswires) -- Art Group Holdings (HKG:0565) said it turned to fiscal H1 earnings of HK$0.0095 ($0.0012) per diluted share from a loss of HK$0.081 in the previous year.

Profit attributable to owners of the company in the fiscal six months ended Dec. 31, 2021, stood at HK$25.5 million versus a loss of HK$217.9 million a year prior, according to a late Monday filing.

Revenue rose to HK$94.4 million year over year from HK$92 million.

The gains were helped by a narrower loss on fair value changes on investment properties to HK$3.6 million year over year from HK$403 million, the mall operator said.

Price (HKD): $0.28, Change: $0.00, Percent Change: 0.00%

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