Hongkong & Shanghai Hotels ( (HK:0045) ) has issued an announcement.
The Hongkong & Shanghai Hotels, Limited reported a significant increase in combined revenue for 2024, reaching HK$10,991 million, largely driven by contributions from The Peninsula London. Despite this revenue growth, the company faced a loss attributable to shareholders of HK$943 million, influenced by factors such as renovations, increased depreciation, financing charges, and impairments. These challenges highlight the company’s ongoing efforts to stabilize new projects and manage financial pressures, impacting its overall financial performance and market positioning.
More about Hongkong & Shanghai Hotels
The Hongkong & Shanghai Hotels, Limited is a company incorporated in Hong Kong, primarily engaged in the hospitality industry. It operates luxury hotels and properties, including the renowned Peninsula Hotels, with a focus on high-end hospitality services and real estate investments.
YTD Price Performance: -4.39%
Average Trading Volume: 2,000
Technical Sentiment Signal: Hold
Current Market Cap: $1.27B
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