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Huazhu Group Ltd ( (HK:1179) ) has provided an announcement.
H World Group Limited announced its unaudited financial results for the fourth quarter and full year of 2024, highlighting a 16.5% year-over-year increase in hotel turnover for the fourth quarter and a 15.5% increase for the full year. Despite a decline in net income due to foreign exchange losses and increased withholding taxes, the company reported a revenue increase of 7.8% for the fourth quarter, surpassing previous guidance. The board approved a cash dividend of US$0.097 per ordinary share, amounting to approximately US$300 million, to be distributed to shareholders in April 2025.
More about Huazhu Group Ltd
H World Group Limited, formerly known as Huazhu Group Limited, is a prominent player in the hospitality industry, operating a vast network of hotels. The company offers a range of services through its leased, operated, manachised, and franchised hotels, with a significant focus on expanding its market presence.
YTD Price Performance: 14.86%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €10.94B
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