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Regal Hotels International Holdings (HKG:78) Three-year Losses Have Grown Faster Than Shareholder Returns Have Fallen, but the Stock Spikes 27% This Past Week
Express News | Regal Hotels International Holdings Ltd - FY Revenue HK$1,825.8 Mln
ANNOUNCEMENT OF 2024 GROUP FINAL RESULTS
Express News | Corrected-Regal Hotels International Holdings (Not RH International Finance)- Expected Net Loss of HK$2,598 Mln for Year
REGAL INT'L (00078.HK) expects an annual net loss of about 2.598 billion Hong Kong dollars.
On March 21, Glonghui announced that REGAL INT'L (00078.HK) expects to record a net loss of approximately HKD 2,598,000,000 for the year ending December 31, 2024, compared to a loss of HKD 1,791,900,000 recorded last year. During the year, the group's hotel business operations in Hong Kong remained stable, with hotel net income expected to increase by about 10% compared to 2023. The total gross profit from the group's Operating Business is expected to be approximately HKD 688,000,000, compared to HKD 652,300,000 achieved in 2023.
REGAL INT'L (00078.HK) plans to hold a Board of Directors meeting on March 28 to approve the annual performance.
On March 14, Gelonghui announced that REGAL INT'L (00078.HK) will hold a Board of Directors meeting on March 28, 2025 (Friday) to approve the annual performance of the group (including the company and its subsidiaries) for the year ended December 31, 2024, and other related matters.
