The Hongkong and Shanghai Hotels Swings to Loss in H1

MT Newswires Live08-07

The Hongkong and Shanghai Hotels (HKG:0045) recorded a loss attributable to shareholders of HK$448 million for the six months ended June 30, against a profit of HK$94 million from the same period last year, a Wednesday filing with the Hong Kong Exchange said.

Loss per share stood at HK$0.27 for the period against earnings of HK$0.06 per share for the same period a year ago.

The company's revenue for the first half of the year came in at HK$4.93 billion, up 82% from the HK$2.70 billion recorded last year. The company attributed the increase to the additional revenue from the sale of four Peninsula-branded London residences.

Price (HKD): $5.40, Change: $-0.02, Percent Change: -0.37%

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