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Hainan Meilan International Airport Company ( (HK:0357) ) just unveiled an announcement.
Hainan Meilan International Airport Company Limited has issued a profit warning, anticipating a net loss of not more than RMB400 million for the financial year 2024. This loss is primarily due to a settlement from an arbitration award and increased depreciation and operational costs from the Meilan Airport Phase II Expansion Project. Despite these challenges, the company maintained operational stability and safety in 2024, and is preparing for strategic developments in 2025, including its role in the Hainan Free Trade Port and as an aviation gateway hub.
More about Hainan Meilan International Airport Company
Hainan Meilan International Airport Company Limited is a joint stock company incorporated in the People’s Republic of China, operating in the aviation industry. It focuses on the management and development of airport operations, with an emphasis on expanding its route network and enhancing service quality and operational efficiency.
YTD Price Performance: -12.28%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $501.3M
Learn more about 0357 stock on TipRanks’ Stock Analysis page.
