Brief: Magnificent Hotel Investments Sees FY Loss Attributable About HK$200 Million

Magnificent Hotel Investments

05/03/2021 08:52

March 5 (Reuters) - Magnificent Hotel Investments Ltd
 0201.HK :
    * MAGNIFICENT HOTEL INVESTMENTS SEES LOSS ATTRIBUTABLE FOR
YEAR
WOULD BE ABOUT HK$200 MILLION
    * MAGNIFICENT HOTEL INVESTMENTS LTD SEES  A DROP IN REVENUE
FOR
YEAR IN RANGE OF 40% - 50%
    * EXPECTED RESULT DUE TO REVALUATION REDUCTION OF FAIR VALUE
ON
INVESTMENT PROPERTIES

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS4Fhc06
Further company coverage:  0201.HK 

 (Reuters.Briefs@thomsonreuters.com)