[Caihua News]Bailibao Holdings (00617.HK)The unaudited interim results for the six months ended June 30, 2021 were announced. During the period, the income was 1.111 billion yuan, up 33.98% year on year; a loss of 136 million yuan (a loss of 559 million yuan in the same period last year), a loss of 15.77 cents per share, no interim interest was paid.
It is expected that a number of completed property developments in Hong Kong and China and these ongoing property projects will contribute substantial cash flow and profits to the Group in the next few years.
The Board believes that the most challenging moment brought about by the epidemic should be over and that the Group's financial performance will continue to improve, excluding unforeseen circumstances.