According to Zhitong Financial App, Shunhao Holdings (00253) announced its 2023 interim results, with total revenue of about HK$251 million, a year-on-year decrease of 30.96%; profit attributable to company owners was HK$3,069 million, a year-on-year decrease of 90.15%; and profit of 1.27 HK cents per share.
According to the announcement, the overall decline in profit was mainly due to a decrease in hotel revenue, as well as an increase in hotel operating costs, repair and maintenance costs, and financial costs.