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百利保控股(00617.HK)上半年亏损收窄75.6%至1.36亿港元

Bailibao Holdings (00617.HK)'s first-half loss narrowed by 75.6% to HK $136 million

格隆滙 ·  Aug 24, 2021 22:07

On August 24, 00617.HK announced interim results. For the six months ended June 30, 2021, the company's revenue was HK $1.111 billion, up 34.0% from a year earlier. Gross profit was HK $447 million, up 115.4%. The loss attributable to holders of shares in the parent company for the period was HK $136 million, down 75.6% from a year earlier. The basic loss per share was HK15.77 cents.

The Group's core hotel business continues to be severely affected by the 2019 coronavirus outbreak, which is mainly operated through Regal Hotels International Holdings Limited Regal Hotels International Holdings Limited, a major listed subsidiary of the company. Although the rich can maintain the overall operating profit of their hotel business, the amount contributed by this business segment is much lower than its normal level before the epidemic. ?

The significant decrease in losses incurred in the medium term compared with the same period in 2020 is mainly attributable to the development of Kau Po in Sha Tin by Prunr Holdings Limited Holdings Limited (which is a joint venture with tycoons each holding 50% interest and, in fact, a subsidiary of the Group).The peak should be equal to an increase in profit contribution from property sales completed during the period, fair value gains on investment properties and financial assets, and reduced impairment losses on other assets and lower financing costs arising from the reduction in the current interbank offered rate.

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