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An announcement from Miramar Hotel & Investment Co ( (HK:0071) ) is now available.
Miramar Hotel & Investment Co. reported a 7.6% decline in revenue to HK$1,295.0 million for the first half of 2025, with profit attributable to shareholders dropping by 13.7% to HK$322.1 million. The company faced challenges due to global economic slowdowns and geopolitical tensions, impacting business travel and local consumption patterns. Despite these hurdles, Miramar is pursuing a strategy of cost-saving and innovation, focusing on revitalizing its shopping mall image and restructuring its food and beverage business to adapt to market changes.
More about Miramar Hotel & Investment Co
Miramar Hotel & Investment Co., Limited is a company incorporated in Hong Kong, operating primarily in the hospitality and investment sectors. The company is involved in managing hotels and investment properties, with a focus on enhancing customer experiences and expanding market presence through innovative strategies.
Average Trading Volume: 79,809
Technical Sentiment Signal: Buy
Current Market Cap: HK$6.85B
See more insights into 0071 stock on TipRanks’ Stock Analysis page.