UK's Hydro Hotel half-year loss widens as costs rise
UK's Hydro Hotel half-year loss widens as costs rise
Overview
UK hotel operator's half-year revenue rose 2% yr/yr, but loss widened from prior year
Higher staff, overhead and repair costs contributed to increased loss
Company paid £90,000 dividend during the period; no further dividends declared
Outlook
Company did not provide specific guidance for future quarters or the full year in the press release
Result Drivers
HIGHER STAFF COSTS - Staff costs rose 8% yr/yr, contributing to bigger loss
INCREASED OVERHEADS - Overheads rose 12% yr/yr, driven by higher business rates, utilities, and repairs
CAPITAL EXPENDITURE - Replacement of main lift, boiler, pool furniture, and ongoing refurbishment raised costs
Company press release: ID:nPRrF9142a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 EPS |
| -GBP 0.35 |
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(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.)