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