Century City Reports Increased H1 2024 Losses

Century City International Holdings Limited (HK:0355) has released an update.

Century City International Holdings Limited reported a significant increase in consolidated loss to HK$422.6 million for the first half of 2024, primarily due to a downturn in real estate markets and higher finance costs. Despite challenging conditions, the Group’s hotel business demonstrated resilience with a near 60% growth in operating profit. The company’s overall business operations showed positive results, but were offset by increased losses in property sales and higher taxation in China.

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