GEMINI INV (00174) announces mid-year performance with a shareholder's attributable loss of HK $118 million, a 288.95% increase year-on-year.

GEMINI INV(00174) announced its mid-year performance for the six months ended June 30, 2025, with revenue of HK$412 million, a decrease of 30.92% year-on-year; shareholders' net loss of HK$118 million, an increase of 288.95% year-on-year; and basic loss per share of HK$0.19. The announcement stated that the expansion of losses was mainly due to the slowdown in sales progress of the New York residential project leading to a decrease in revenue, combined with the continuing adjustments in the US and Hong Kong commercial real estate markets and the downward revaluation of some properties.