Brief: Hongkong And Shanghai Hotels Says FY Revenue Hk$2,710 Million

Hongkong and Shanghai Hotels

17/03/2021 07:20

March 17 (Reuters) - Hongkong and Shanghai Hotels Ltd
 0045.HK :
    * HONGKONG AND SHANGHAI HOTELS LTD-  FY REVENUE HK$2,710
MILLION
VERSUS HK$5,874 MILLION
    * HONGKONG AND SHANGHAI HOTELS LTD - IT IS EXPECTED THAT
GROUP MAY
SUSTAIN AN OPERATING LOSS IN 2021 DUE TO ONGOING EFFECTS OF
CORONAVIRUS
    * HONGKONG AND SHANGHAI HOTELS LTD - FY LOSS ATTRIBUTABLE
HK$1,940
MILLION VERSUS PROFIT OF HK$494 MILLION
    * HONGKONG AND SHANGHAI HOTELS-NOTED RECENT VIOLENCE IN
MYANMAR
WITH "GREAT CONCERN" AND CONTINUE TO EVALUATE ACTIONS REQUIRED
AND LONGER-TERM DECISIONS
    * HONGKONG AND SHANGHAI HOTELS LTD - HAVE SUFFICIENT
LIQUIDITY TO
COVER OUR PROJECT COMMITMENTS
    * HONGKONG AND SHANGHAI HOTELS - CURRENTLY EXPERIENCING
STABLE
DEMAND FOR LUXURY RESIDENTIAL LETTINGS IN HONG KONG
    * HONGKONG AND SHANGHAI HOTELS- HAS SUFFICIENT COMMITTED
FACILITIES TO COVER CAPITAL COMMITMENTS, PROVIDE LIQUIDITY COVER
OF WELL OVER 2 YEARS
    * HONGKONG AND SHANGHAI HOTELS LTD - PENINSULA LONDON AND
PENINSULA ISTANBUL ARE EXPECTED TO OPEN IN 2022

Source text for Eikon:  ID:nHKS3Rk6BD 
Further company coverage:  0045.HK 

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