Miramar Hotel And Investment Co logo

71 - Miramar Hotel And Investment Co News Story

HK$12.98 0.1  1.1%

Last Trade - 8:20am

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £875.9m
Enterprise Value £383.1m
Revenue £302.3m
Position in Universe 832nd / 5992

BRIEF-Miramar Hotel And Investment Posts Profit Attributable Hk$1,288 Mln For Year

Fri 20th March, 2020 3:14pm
March 20 (Reuters) - Miramar Hotel and Investment Co Ltd
 0071.HK :
    * PROFIT ATTRIBUTABLE DECREASED BY 20.7% TO HK$1,288 MILLION
FOR
YEAR
    * FY REVENUE DECREASED BY 4.3% TO HK$3,062 MILLION
    * FINAL DIVIDENDS PROPOSED ARE HK34 CENTS PER SHARE
    * OUTBREAK OF CORONAVIRUS DISEASE 2019 HAS IMPACTED GROUP'S
OPERATIONS
    * ECONOMIC SLOWDOWN DUE TO  COVID-19 WILL RESULT IN SUBDUED
RENTAL
YIELD FOR PROPERTY RENTAL BUSINESS
    * GROUP'S PROPERTY RENTAL BUSINESS MAY ALSO BE AFFECTED
AGAINST
BACKDROP OF DECLINING RENTAL YIELDS


Further company coverage:  0071.HK 

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