S.A.I. Leisure Group Posts Narrowed Losses

S.A.I Leisure Group Co. Ltd. (HK:1832) has released an update.

S.A.I. Leisure Group Co. Ltd. has announced a decrease in losses of about 26% year-over-year, with the loss for the first half of 2024 estimated at $9.7 million compared to $13.1 million in the same period of 2023. This financial improvement is attributed to a 46.5% surge in revenue to $21.1 million, driven by higher occupancy rates in the company’s resorts, signaling a post-pandemic recovery in the tourism sector. Notably, the return of direct flights between Hong Kong and Saipan has bolstered the market.

For further insights into HK:1832 stock, check out TipRanks’ Stock Analysis page.