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Fosun Tourism Group (HKG:1992) Sheds HK$423m, Company Earnings and Investor Returns Have Been Trending Downwards for Past Five Years
Fosun Tourism is expected to see a year-on-year revenue growth of no less than 8% in the first half of the year for its tourism operation.
Fosun Tourism (01992) has announced that due to the relaxation of global travel restrictions and the effective implementation of the company's global strategy, the operations of the group's Club Med and other businesses, Sanya Atlantis, Vacation Asset Management Center, Foliday and related businesses have continued to recover. As of the six-month period ending June 30, 2024, the group's tourism revenue (calculated at fixed exchange rates) is expected to increase by no less than 8% compared to the six-month period ending June 30, 2023. It is expected that the group's attributable profit to shareholders (excluding one-time disposal of resort earnings) in the first half of 2024 will be higher than that in 2023.
Fosun Tourism Group: Benefited From Global Easing Travel Restrictions
Fosun Tourism (01992.HK) announced profit: the profit attributed to the company's shareholders in the first half of the year is expected to be no less than 0.3 billion yuan.
On July 22, Glonhui reported that Fosun Tourism Culture (01992.HK) benefited from the relaxation of global travel restrictions and the effective implementation of the company's global strategy. The operation of Club Med and other businesses, as well as the Sanya Atlantis, the Vacation Asset Management Center, Fuyou Club, and related businesses, continued to recover. From January to June 2024, the group's tourism revenue (measured at a fixed exchange rate) is expected to increase by no less than 8% compared to the first half of 2023. It is projected that the group's revenue will be in 2024.
Express News | Fosun Tourism Sees Hy Business Volume From Tourism Operation of Group Expected to Increase by No Less Than 8%
Express News | Fosun Tourism Sees Profit Attributable for H1 of 2024 Will Be No Less Than RMB300 Mln