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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . RESULTS 5 LAI FUNG HOLDINGS Lai Fung Holdings Limited ( Incorporated in the Cayman Islands with limited liability ) ( Stock Code : 1125 ) ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 JANUARY 2021 The board of directors ( the " Board " ) of Lai Fung Holdings Limited ( the " Company " ) announces the unaudited consolidated results of the Company and its subsidiaries ( the " Group " ) for the six months ended 31 January 2021 together with the comparative figures of the last corresponding period as follows : Condensed Consolidated Income Statement For the six months ended 31 January 2021 TURNOVER For the six months ended 31 January 2021 2020 ( Unaudited ) ( Unaudited ) Notes HK $ ' 000 HK $ ' 000 3 1,554,721 ( 1,264,139 ) 599,898 ( 287,849 ) Cost of sales Gross profit Other income and gains 290,582 54,964 312,049 30,526 Selling and marketing expenses ( 61,664 ) ( 33,010 ) Administrative expenses ( 149,483 ) ( 132,522 ) Other operating expenses , net ( 145,328 ) ( 39,231 ) Write - down of properties under development to net realisable value ( 135,838 ) Fair value gains / ( losses ) on investment properties 87,405 ( 387,598 ) LOSS FROM OPERATING ACTIVITIES 4 ( 59,362 ) ( 249,786 ) Finance costs Share of losses of joint ventures Share of losses of associates LOSS BEFORE TAX Tax 5 ( 186,318 ) ( 501 ) ( ( 210 ) ( 115,477 ) 107 ) 8 ) 6 ( 246,391 ) ( 247,704 ) ( 365,378 ) ( 205,412 ) LOSS FOR THE PERIOD ATTRIBUTABLE TO : Owners of the Company Non - controlling interests ( 494,095 ) ( 570,790 ) ( 446,124 ) ( 442,388 ) ( 47,971 ) ( 128,402 ) ( 494,095 ) ( 570,790 ) 1