KWE H1 2024 net loss of £29.7M; revenue down 23.5% to £62.0M

Kennedy-Wilson Holdings, Inc.

Revenue fell to £62.0M from £81.1M YoY, driven by lower rental income and hotel revenue.
Net loss attributable to owners of KWE was £30.6M; overall net loss of £29.7M (H1 2023: £28.4M).
Fair value loss on investment property narrowed to £18.1M from £53.2M; loss on sale of £4.6M.
Total borrowings reduced to £989.4M from £1,058.5M at year-end; cash increased to £121.4M.
KWE is a wholly-owned subsidiary of Kennedy-Wilson Holdings (KW); results furnished under Reg FD.

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