Brief: Hongkong And Shanghai Hotels Sees Loss Attributable And Underlying Loss For HY
28/07/2020 14:26
July 28 (Reuters) - Hongkong and Shanghai Hotels Ltd
0045.HK :
* SEES LOSS ATTRIBUTABLE AND UNDERLYING LOSS FOR SIX MONTHS
* EXPECTED RESULT DUE TO OUTBREAK OF COVID-19 WHICH RESULTED
IN
WIDESPREAD TRAVEL ADVISORIES
* SEES APPRAISED VALUE OF INVESTMENT PROPERTIES AS AT 30
JUNE 2020
TO DROP BY ABOUT HK$365 MILLION VERSUS AN INCREASE LAST YEAR
* SEES HY IMPAIRMENT PROVISIONS OF ABOUT HK$93 MILLION FOR
PENINSULA MANILA & HK$236 MILLION FOR PENINSULA ISTANBUL
* EXPECTS DELAY IN PENINSULA ISTANBUL OPENING TO 2022
Source text for Eikon: ID:nHKS9gzjp9
Further company coverage: 0045.HK
((Reuters.Briefs@thomsonreuters.com;))
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