Brief: Greentree Hospitality Group Reports Q3 Earnings Per ADS RMB 0.81

GreenTree Hospitality

02/12/2020 22:58

Dec 2 (Reuters) - GreenTree Hospitality Group Ltd  GHG.N :
    * REPORTS THIRD QUARTER 2020 FINANCIAL RESULTS
    * Q3 REVENUE FELL 8.6 PERCENT TO RMB 266.9 MILLION
    * EARNINGS PER ADS FOR Q3 OF 2020 WAS RMB0.81 (US$0.12)
    * QTRLY CORE NET INCOME PER ADS (NON-GAAP) WAS RMB0.90
(US$0.13)
    * EXPECTS A DECLINE IN TOTAL REVENUES OF 12%-15% FOR FULL
YEAR
2020, COMPARED TO 2019
    * DURING QUARTER, CO OPENED 162 HOTELS, A DECREASE OF 19
COMPARING
TO 181 HOTELS IN Q3 OF 2019

Source text for Eikon:  ID:nPnYvJ6Xa 
Further company coverage:  GHG.N 

 ((Reuters.Briefs@thomsonreuters.com;))