FE Hotels Limited ("FE Hotels") issues a profit warning, forecasting a net loss of approximately 23 million Hong Kong dollars for the six months ending September 30, 2024, compared to a net loss of approximately 8 million Hong Kong dollars for the same period in 2023. The increased loss is mainly due to a decrease in the hotel business in Hong Kong, a drop in revenue from serviced property leases in mainland China, and a significant reduction in the fair value of investment properties in Hong Kong. FE Hotels stated that these figures are based on preliminary assessments made with current available data, and emphasized that the unaudited mid-year performance is yet to be finalized, pending further review by the audit committee. The company will release a detailed mid-year performance report by the end of November 2024. FE Hotels also reminds shareholders and potential investors to exercise caution when trading shares.

FE Hotels Limited ("FE Hotels") issues a profit warning, forecasting a net loss of approximately 23 million Hong Kong dollars for the six months ending September 30, 2024, compared to a net loss of approximately 8 million Hong Kong dollars for the same period in 2023. The increased loss is mainly due to a decrease in the hotel business in Hong Kong, a drop in revenue from serviced property leases in mainland China, and a significant reduction in the fair value of investment properties in Hong Kong. FE Hotels stated that these figures are based on preliminary assessments made with current available data, and emphasized that the unaudited mid-year performance is yet to be finalized, pending further review by the audit committee. The company will release a detailed mid-year performance report by the end of November 2024. FE Hotels also reminds shareholders and potential investors to exercise caution when trading shares.