According to the Zhitong Finance App, Qusi Holdings (08173) announced results for the nine months ending December 31, 2022. The group received revenue of HK$26.283,000, a decrease of 54.97% over the previous year; lost HK$2,425 million during the period, compared with a profit of HK$2.252,000 for the same period last year; and a loss of HK$1.13 per share.

According to the announcement, the decline in earnings was mainly due to a combination of factors, including an increase in commercial project revenue; and a decline in revenue from residential, demonstration units and sales office projects.