China Travel HK (00308.HK) announced on August 20 that the expected consolidated and unaudited performance for the six months ended June 30, 2024 will record a year-on-year decline of over 60% in the profit attributable to shareholders compared to the profit attributable to shareholders of HKD 0.224 billion for the six months ended June 30, 2023.
The board of directors believes that the decline in profit for the six months ended June 30, 2024 was mainly due to the decrease in fair value of investment properties.