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Macau Gaming Revenue Jumps 6.6% in October, Beats Estimates
Emperor Entertainment Hotel Expects to Swing to Loss in H1
Emperor Entertainment Hotel Expects to Swing to Loss For 1H Ended September
Emperor e Hotel (00296.HK) issued a profit warning: expecting a mid-term net loss not exceeding 0.23 billion Hong Kong dollars.
Grace 1st|Emperor e hotel (00296.HK) announced that the group expects total revenue for the six months ended September 30, 2024 (the "period") to be approximately 0.4 billion Hong Kong dollars (2023: 0.372 billion Hong Kong dollars). However, mainly due to the overall downward trend in property market valuations leading to an investment property fair value loss of not more than 0.27 billion Hong Kong dollars (2023: fair value gain of 1.4 million Hong Kong dollars), the group anticipates a net loss of not more than 0.23 billion Hong Kong dollars during the period (2023: net profit of 12 million Hong Kong dollars).
EMPEROR E HOTEL: PROFIT WARNING
Emperor Entertainment to Sell Hong Kong Apartment for HK$268 Million
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