Wanda Hotel Development Company (DE:CL1A) has released an update.
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Wanda Hotel Development Company Limited reported a significant loss for the first half of 2024, with the unaudited condensed consolidated financials showing a net loss of approximately HK$895.6 million, a stark contrast to the profit of HK$165.1 million in the same period last year. The company experienced a substantial impairment and increased costs, leading to a loss per share of HK$11.0 compared to an earnings of HK$3.0 per share in 2023.
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