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An update from Magnificent Hotel Investments Limited ( (HK:0201) ) is now available.
Magnificent Hotel Investments Limited, along with Shun Ho Property Investments Limited and Shun Ho Holdings Limited, has issued a joint announcement regarding their financial performance for the first half of 2025. The companies report a significant increase in net profit before revaluation and depreciation, attributed to higher hotel revenue, reduced operating costs, and lower finance costs. However, despite these gains, the net profit after revaluation and depreciation has decreased due to a drop in property valuations in a weak market. The final interim results are expected to be announced in August 2025, and stakeholders are advised to exercise caution.
More about Magnificent Hotel Investments Limited
Magnificent Hotel Investments Limited, along with Shun Ho Property Investments Limited and Shun Ho Holdings Limited, operates in the hospitality industry, focusing on hotel investments and property management. The companies are incorporated in Hong Kong and are listed on the Hong Kong Stock Exchange, indicating a market focus on real estate and hospitality within the region.
Average Trading Volume: 1,066,772
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$635.2M
See more insights into 0201 stock on TipRanks’ Stock Analysis page.