REGAL INT'L Posts Interim Profit of HK$158 Million, Reversing Year-Ago Loss

Stock News08-26 22:30

REGAL INT'L (00078) has announced its interim results for the six months ended June 30, 2026, reporting a turnaround from losses a year earlier. The group recorded revenue of HK$935.8 million, up 3.3% year-on-year, with profit attributable to holders of parent company shares reaching HK$158 million, compared with a loss of HK$677.6 million in the same period last year. Basic earnings per share stood at HK$0.11.

The profit during the period was primarily driven by a gain recognized from the disposal of subsidiaries owning Regal Oriental Hotel in Hong Kong in April 2026, in addition to improved operating performance in its hotel business and reduced financing costs due to lower interest rates. These subsidiaries were held through the company's listed subsidiary, Regal Real Estate Investment Trust.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment