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Hong Kong URA returns to profit with HK$338M surplus after three years of losses

By PulseAugur Editorial · [1 sources] ·

The Urban Renewal Authority (URA) in Hong Kong has announced an operating surplus of HK$338 million for the 2025-26 financial year, marking a return to profitability after three consecutive years of losses. This financial turnaround was achieved through "flexible strategies" and efficient resource management, according to Chairman Chow Chung-kong. The URA also plans to enhance its "Smart Tender" scheme to better support property owners in hiring consultants and contractors. AI

RANK_REASON Financial results announcement for a statutory body. [lever_c_demoted from significant: ic=1 ai=0.1]

Read on SCMP — Tech →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Hong Kong URA returns to profit with HK$338M surplus after three years of losses

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Financial results announcement for a statutory body. [lever_c_demoted from significant: ic=1 ai=0.1]
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COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Natalie Wong,Jeffie Lam ·

    URA posts HK$338 million operating surplus after three years of losses

    Hong Kong’s Urban Renewal Authority (URA) has recorded an operating surplus of HK$338 million (US$43.3 million) for the 2025-26 financial year, after reporting three straight years of losses. At a banquet on Friday to mark the statutory body’s 25th anniversary, chairman Chow Chun…

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