亏损减少乃主要由于集团在各经营分部及总部收紧成本控制措施以及回顾期间行政开支减少(包括法律及专业费用大幅减少)，惟被主要由于新加坡华星酒店附属建筑暂时进行翻新工程导致收入减少约400万港元及毛利减少约710万港元及计息银行及其他借款的财务成本增加约730万港元所抵销。Link Holdings (08237) announced its mid-term performance for 2024, with revenue of 22.0672 million Hong Kong dollars, a year-on-year decrease of 1...
The Link Holdings (08237) announced its mid-term performance for 2024, with revenue of 22.0672 million Hong Kong dollars, a year-on-year decrease of 15.26%; the company's owners' losses amounted to 34.736 million Hong Kong dollars, a year-on-year narrowing of 39.12%; and the loss per share was 0.829 Hong Kong cents.
The announcement stated that the decrease in revenue was mainly due to the temporary renovation of the affiliated building of Link Hotel in Singapore.
The reduction in losses is mainly due to the group's cost control measures in various operational divisions and headquarters, as well as a decrease in administrative expenses during the review period (including a significant reduction in legal and professional fees). However, this was partially offset by a decrease in revenue of approximately 4 million Hong Kong dollars and a decrease in gross profit of approximately 7.1 million Hong Kong dollars due to the temporary renovation of the affiliated building of Link Hotel in Singapore, as well as an increase in financial costs related to interest-bearing bank and other borrowings of approximately 7.3 million Hong Kong dollars.
