"Profit Surprise: Wanda Hotels' Room Rates Rise, Expected to Double Half-Year Profit to 140 Million Yuan"

AASTOCKS
2023.07.27 19:59
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WANDA HOTEL DEV has announced a pleasing profit, with the company's attributable net profit for the six months ending in June expected to be no less than RMB 140 million, compared to RMB 64 million recorded in the same period last year.

WANDA HOTEL DEV (00169.HK) announces joyful earnings, with an estimated profit attributable to owners of not less than 140 million yuan for the six months ending in June, compared to 64 million yuan recorded in the same period last year. This is mainly due to the increase in occupancy rate and average daily room rate as a result of the relaxation of travel advice or restrictions related to the epidemic in mainland China, as well as a significant reduction in investment property valuation losses. (de/d)

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