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远东酒店实业(00037.HK)盈警：预计年度净亏损约3300万港元

fe hotels (00037.HK) issued a profit warning: it is expected to have a net loss of approximately 33 million Hong Kong dollars for the year.

Gelonghui Finance ·  Jun 14 19:06

Fe Hotels (00037.HK) announced on June 14 that the group's annual performance for the year ending March 31, 2024 is expected to record a net loss of about HKD 33 million, while a net loss of about HKD 8 million was recorded in the previous year.

The expected increase in net loss for the group this year is mainly attributed to (i) a significant decrease in the fair value of investment properties in Hong Kong, and (ii) an increase in legal and professional fees associated with serviced properties in Beijing and the Jiuhua Avenue project.

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