Associated International Hotels Limited (HK:0105) has released an update.
Associated International Hotels Limited reported a significant turnaround with a profit of $376,759,000 for the year ended 31 March 2024, recovering from a loss of $1,584,691,000 the previous year. This recovery was bolstered by net valuation gains on investment properties of $230,783,000, contrasting sharply with the prior year’s losses. The company’s overall financial position strengthened, with net assets increasing to $7,856,305,000 from $7,619,946,000.
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