GreenTree Hospitality down on first-half loss

GreenTree Hospitality

27/12/2022 22:28

** U.S.-listed shares of China-based hotels firm GreenTree
Hospitality Group Ltd  GHG.N  down 4.2% at $3.7 in extended
trade
    ** Posts first-half loss of 360.9 million Chinese Yuan
($51.85 million) vs profit of 146.3 million Chinese Yuan last
year hit by COVID-19 lockdowns in China  urn:newsml:reuters.com:*:nPn7BFnpYa
    ** First half 2022 total revenue decreases 22.3% year over
year to $68.3 mln 
    ** Co sets FY 2022 revenue forecast to 81-84% of 2021 levels
    ** Up to last close, stock had fallen 50.5% 
($1 = 6.9600 Chinese yuan renminbi)
 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))