Zhitong Financial APP News, Oceanwide Hotel (00292) released interim results for the six months ended September 30, 2021. The company achieved a profit of HK $509 million for the period, an increase of 3.04% over the same period last year. The loss attributable to the owners of the company was about HK $147 million. In the same period last year, the profit attributable to the owners of the company was about 302 million yuan, with a loss per share of HK7.3 cents.
It is reported that the profit and loss of the company's performance during the period was mainly due to severe liquidity and credit pressure on domestic real estate developers. During this period, the Group made a net investment loss (2020: income). Includes expected credit losses and net unrealised losses on listed debt securities.