Tianan (00028) announced interim results. Shareholders' losses of HK$446 million were converted from profit to loss year over year

According to the Zhitong Finance App, Tianan (00028) announced interim results for the six months ended June 30, 2026. The group achieved revenue of HK$1,671 million, a year-on-year decrease of 80.73%; the company's shareholders should have accounted for losses of HK$446 million, while profit of HK$2,345 billion was achieved in the same period last year; and a loss of HK$30.42 per share.

According to the announcement, the main reasons for the decline in financial performance during this period include: a significant decrease in revenue recognition due to the Group's delivery of no major real estate development projects to customers; increased losses of associated companies and losses attributable to joint ventures, which were profits in the previous period; and continued investment property revaluation losses.