Miramar Hotel & Investment Co ( (HK:0071) ) has shared an update.
Miramar Hotel and Investment Company, Limited reported a 12% increase in revenue for 2024, reaching HK$2,858.4 million, with a notable 31.6% growth in its travel segment. Despite this, the profit attributable to shareholders decreased by 23.6% due to a significant decline in the fair value of investment properties, influenced by economic volatility and currency fluctuations. The company maintained its dividend, reflecting resilience in a challenging market environment.
More about Miramar Hotel & Investment Co
Miramar Hotel and Investment Company, Limited operates in the hospitality and investment industry, focusing on hotel management, property investment, and travel services. The company is known for its diversified business portfolio and operates primarily in Hong Kong.
YTD Price Performance: -28.85%
Average Trading Volume: 10,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $789.6M
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