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WANDA HOTEL DEV (00169.HK) turned from profit to loss in the 2024 fiscal year, reporting a loss of 0.591 billion Hong Kong dollars.
Gelonghui March 28丨WANDA HOTEL DEV (00169.HK) announced its annual performance. For the year ending December 31, 2024, the company's revenue was 0.991 billion HKD, up 0.85% year-on-year; the loss attributable to shareholders of the parent company was 0.591 billion HKD, while the profit for the same period in 2023 was 0.165 billion HKD, resulting in a basic loss per share of 12.6 HK cents. The group will expand its hotel network managed by the group from 157 hotels and 33,900 rooms as of December 31, 2023, to 204 hotels and over 40,200 rooms as of December 31, 2024.
WANDA HOTEL DEV: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
Wanda Hotel Development to Swing to Loss in 2024
Selected announcements｜Major Star Stocks have released their reports! Xiaomi's annual revenue reaches a historic high; China United Network Communications' annual Net income exceeds 20 billion yuan; FUYAO GLASS's profits are expected to increase by more t
Xpeng Autos reported a net loss of 5.79 billion yuan in 2024, a year-on-year decrease of 44.19%; ZTO Express's adjusted net income for 2024 is 10.15 billion yuan, with a nearly 50% growth in parcel delivery in Q4.
WANDA HOTEL DEV (00169.HK) plans to hold a Board of Directors meeting on March 28 to approve the annual performance.
Gelonghui reported on March 18 that WANDA HOTEL DEV (00169.HK) announced that a Board of Directors meeting will be held on March 28, 2025 (Friday) to consider and approve the audited financial performance of the company and its subsidiaries for the year ending December 31, 2024, and its release, as well as to consider the proposal for the final dividend distribution (if any).
Wanda Hotels (00169.HK) expects a loss of between 0.95 billion to 1.05 billion yuan last year.
Wanda Hotels (00169.HK) issued a profit warning, expecting to record a loss ranging from 0.95 billion to 1.05 billion yuan for the year ending last December, while in the same period of 2023, a profit of approximately 0.191 billion yuan was recorded. The group's net loss during this period mainly resulted from an impairment loss of about 1 billion yuan arising from the fair value of the selected apartment units based on the executed agreements to release collateral.
