WANDA HOTEL DEV (00169) expects a profit of approximately HK$1.75 billion to HK$1.9 billion in the fiscal year 2025.

Wanda Hotel Development (00169) announces that compared to the loss of approximately 989.4 million Hong Kong dollars for the year 2024, the group expects to achieve a turnaround from loss to profit for the year ending December 31, 2025, with a profit of approximately 1.75 billion to 1.9 billion Hong Kong dollars. This is mainly due to: i) the confirmation of net income of approximately 1.75 billion Hong Kong dollars after the sale of all issued shares of its subsidiary, Wanda Hotel Management (Hong Kong) Limited. ii) The lack of impairment loss of approximately 1.0452 billion Hong Kong dollars recognized when long-term receivables were transferred to properties held for sale at the end of 2024, partially offset by impairment losses of approximately 17 million Hong Kong dollars recognized within the year 2025 on properties held for sale.