Century City International Holdings Reports Increased Losses Amid Market Challenges

Century City International Holdings Limited ( (HK:0355) ) just unveiled an announcement.

Century City International Holdings Limited reported a consolidated loss of HK$1,025.6 million for the year ending December 31, 2024, an increase from the previous year’s loss of HK$670.4 million. The company’s financial performance was impacted by sluggish real estate markets in Hong Kong and China, leading to slower property sales and reduced profit contributions. Despite steady operations in its hotel business, high interest rates and substantial depreciation charges on its hotel properties adversely affected the financial results.

More about Century City International Holdings Limited

Century City International Holdings Limited operates primarily in the property development, investment, and hotel ownership sectors. The company manages its core businesses through subsidiaries including Regal Hotels International Holdings Limited, Regal Real Estate Investment Trust, and Cosmopolitan International Holdings Limited, focusing on markets in Hong Kong and China.

Technical Sentiment Signal: Buy

Current Market Cap: €35.37M

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