Shanghai Jin Jiang International Hotels (SHA:600754) forecasts its attributable profit will decline to 360 million to 400 million yuan in the first half from 847.6 million yuan in the year-ago period, according to a Tuesday filing with the Shanghai bourse.
The foreseen decline is attributable to the absence of non-recurring income in the first half. In the year-ago period, the hotel operator recognized 459.1 million yuan in non-recurring income from the transfer of 100% of the equity of Fashion Journey Hotel Management, the filing said.
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