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hk&s hotels (00045.HK) plans to hold a board meeting on August 7th to approve mid-term performance.
HK&S Hotels (00045.HK) announced that the board of directors will hold a meeting on Wednesday, August 7th, 2024. During the meeting, the board will pass a resolution, which includes approving the publication of the company and its subsidiaries' mid-term performance announcements for the six months ending on June 30, 2024, as well as considering the distribution of mid-term dividends (if applicable).
HK&S HOTELS: Date of Board Meeting
Hong Kong and Shanghai Hotels Warns of Swing to H1 Loss
HK&S Hotels (00045) issued a profit warning, predicting that the mid-term losses attributable to shareholders will be approximately 0.45 billion HKD, turning from profit to loss year-on-year.
HK&S Hotels (00045) announced that the board of directors expects to incur a shareholder's loss of approximately HKD 0.45 billion for the 6 months ended June 30, 2024, compared to a profit of HKD 94 million for the same period last year. The performance for the 6 months ended June 30, 2024 is inferior to that of last year. The main reasons are as follows: 1. The overall pre-tax operating profit (excluding interest, tax, depreciation, and amortization before the sale of London Peninsula Residence) decreased by about 22% due to the renovation of the New York Peninsula Hotel and the opening of new
Express News | Hongkong and Shanghai Hotels - Expected Result Due to a Reduction of 22% in Combined Ebitda Achieved by Group in 6M, Others
Express News | Hongkong and Shanghai Hotels Sees Loss Attributable HK$450 Mln for Six Months
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