Hotel Majestic Reports Improved Financial Performance Amid Market Challenges

Hotel Majestic Cannes-Societe Immobiliere et d’Exploitation ( (FR:MLHMC) ) just unveiled an announcement.

The Société Immobilière et d’Exploitation de l’Hôtel Majestic reported increased financial performance for the year, with a 3.4% rise in turnover and a 7.1% increase in net profit. Despite a drop in occupancy rates, the company achieved higher revenue per room and maintained healthy cash reserves, but it remains cautious about future prospects due to uncertain economic conditions.

More about Hotel Majestic Cannes-Societe Immobiliere et d’Exploitation

Société Immobilière et d’Exploitation de l’Hôtel Majestic operates in the hospitality industry, managing one hotel and two restaurants in Cannes. The company focuses on providing accommodation, food, and beverage services, and it also generates revenue from shop rentals, spas, and various other services.

YTD Price Performance: 6.00%

Average Trading Volume: 1

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: €327.7M

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