According to the Zhitong Finance App, Zhongyu Land (01224) announced the results for the six months ended June 30, 2023, with total revenue of HK$240 million, a year-on-year decrease of 9.4%; net loss of HK$1.35 billion, profit of HK$241 million for the same period last year; and a basic loss of HK$34.77 HK cents per share.

In the first half of the year, rental income from the investment property portfolio was HK$239 million, a decrease of 8.7% from the same period last year. This was due to the expiry of several leases on One Kingdom Street and the average exchange rate depreciation of the pound against the Hong Kong dollar by about 3.4% during the period.