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Article Date: March 2021
Word Count: 154

Symphony Holdings Swings to Loss

Net loss attributable to shareholders was HK$216,328,000 ($27.9 mm) in the second half against income of HK$71,705,000 ($9.3 mm) on 9% lower revenues of HK$352,159,000 ($45.4 mm) from HK$388,944,000 ($50.2 mm). The diversified retailer, brand licensor and real estate owner reined in SG&A by 11% but could not offset an 83% rise in depreciation and amortization expense, 30% boost in financial costs, and an 86% slash to the increase in fair value of investment properties to plunge ... Log in to view full article.


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