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181 — Fujian Holdings News Story

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Hotel operator Fujian Holdings' H1 revenue rises

Hotel operator Fujian Holdings' H1 revenue rises


Overview

  • Hong Kong-listed hotel operator's H1 revenue rose 48% yr/yr to HK$14.75 mln

  • Profit attributable to owners fell 37% yr/yr, mainly due to lower finance leasing gains

  • No interim dividend declared for the period


Outlook

  • Company did not provide specific financial guidance or forecasts for the current or future periods in the press release


Result Drivers

  • HOTEL OPERATIONS - Co said revenue growth was mainly due to increased business volume and higher occupancy rates at its star-rated hotel, including new projects and expanded offerings

  • FINANCE LEASING GAINS - Co said profit fell mainly due to lower gains from finance leasing compared to the prior year

  • RENTAL INCOME FLAT - Co said rental income from Hong Kong properties remained flat due to persistent weakness in commercial property demand


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

HK$14.75 mln


Reuters Recommended Reads

  • Aug 25 - Hong Kong's Keck Seng H1 revenue rises 20% on hotel recovery

  • Aug 25 - China's GreenTree Q2 revenue hit by weak hotel demand; sets $5 bln buyback plan

  • Aug 24 - China's Tongcheng Travel Q2 revenue rises 6.8% on accommodation growth, hotel management strength


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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