HK&S HOTELS (00201) announced a happy profit and expects a 49% increase in net profit in 2025 for the company's owners, excluding tax, revaluation, and non-cash depreciation.
(00201) announced that the estimated net profit attributable to owners of the company for the fiscal year 2025 is expected to be 155 million Hong Kong dollars, excluding taxes and not considering revaluation and non-cash depreciation, representing an increase of 51 million Hong Kong dollars (+49%) compared to the fiscal year 2024. This growth is mainly attributed to (i) an increase in hotel revenue; (ii) a decrease in hotel operating costs; and (iii) a decrease in financial costs.
HK&S HOTELS (00201) announced that the estimated net profit attributable to owners of the company for the financial year 2025 is expected to be HK$155 million, excluding taxes and not taking into account revaluation and non-cash depreciation, compared to an increase of HK$51 million (+49%) in the financial year 2024. This growth is mainly attributed to (i) an increase in hotel revenue; (ii) a reduction in hotel operating costs; and (iii) a decrease in financial costs.
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