＜Warning＞HK&S HOTELS Expects to Swing Profit into Loss of ~$450M in Interim Period

　　HK&S HOTELS (00045.HK) -0.070 (-1.235%) anticipated to record a net loss of approx. $450 million for the six months ended 30 June, as compared to a net profit of $94 million for the same period last year.

　　Dividend History

　　The reason for the turnaround from a profit to loss includes a reduction of 22% in combined EBITDA achieved by the Group as The Peninsula New York is under renovation, the newly opened Peninsula hotels in London and Istanbul still require time to ramp up to a stabilized stage of operation, and the Group have experienced weak markets in a number of its other hotels, according to the Group.

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