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＜Warning＞HK&S HOTELS Expects to Swing Profit into Loss of ~$450M in Interim Period
HK&S HOTELS (00045.HK) -0.070 (-1.235%) anticipated to record a net loss of approx. $450 million for the six months ended 30 June, as compared to a net profit of $94 million for the same period last year.
Dividend History
| Announce Date | Event | Particular |
|---|---|---|
| 2024/03/19 | Final | D:HKD 0.08 |
| 2023/08/03 | Interim | No Dividend |
| 2023/03/15 | Final | No Dividend |
| 2022/08/05 | Interim | No Dividend |
The reason for the turnaround from a profit to loss includes a reduction of 22% in combined EBITDA achieved by the Group as The Peninsula New York is under renovation, the newly opened Peninsula hotels in London and Istanbul still require time to ramp up to a stabilized stage of operation, and the Group have experienced weak markets in a number of its other hotels, according to the Group.
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