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Far East Hotels & Entertainment Ltd. ( (HK:0037) ) has issued an announcement.
Far East Hotels and Entertainment Limited has issued a profit warning, indicating an expected net loss between HK$33 million and HK$37 million for the fiscal year ending March 2025. This anticipated loss is attributed to a decline in revenue from its hotel operations in Hong Kong and serviced property letting in Mainland China, as well as a decrease in the fair value of its investment properties.
More about Far East Hotels & Entertainment Ltd.
Far East Hotels and Entertainment Limited operates in the hospitality and entertainment industry, focusing on hotel operations in Hong Kong and serviced property letting in Mainland China.
Average Trading Volume: 549,290
Technical Sentiment Signal: Hold
Current Market Cap: HK$383.8M
For an in-depth examination of 0037 stock, go to TipRanks’ Overview page.