Haichan Sai Leisure (01832.HK) announced that the Board of Directors expects the Group to record a loss of approximately US$9.7 million attributable to shareholders for the six months ending June 30, 2024, a decrease of approximately 26.0% from the loss attributable to shareholders of approximately US$13.1 million for the same period in 2023.
According to the current information available to the Board of Directors, it is expected that the net loss for the six months ending June 30, 2024 will be mainly reduced due to a significant increase in revenue, as well as the Group's management's improved operational efficiency and effective cost-saving measures. The Group's revenue for the six months ending June 30, 2024 is approximately US$21.1 million, an increase of approximately 46.5% from the revenue of US$14.4 million for the same period in 2023. The increase in revenue is due to the gradual recovery of the tourism market in Guam and Saipan after the COVID-19 pandemic, and the occupancy rate of the Group's hotels and resorts (especially Crowne Plaza Resort Guam and Crowne Plaza Resort Saipan) has increased. From April 28, 2024, the direct flights between Hong Kong and Saipan will resume, further promoting the recovery of the Saipan tourism market.
