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REGAL INT'L (00078) Announces Annual Results Loss attributable to shareholders of HK$1,792 billion, up 400.1% year-on-year
REGAL INT'L (00078) released for the year ended December 31, 2023...
REGAL INT'L: ANNOUNCEMENT OF 2023 GROUP FINAL RESULTS
REGAL INT'L (00078.HK) Profit Alert: Expected annual net loss of approximately HK$1,792 billion
Glonghui March 20 | REGAL INT'L (00078.HK) announced that the company expects to record a net loss of approximately HK$1,792 million for the year ended December 31, 2023, compared with a loss of HK$358,300,000 last year. Although the Group expects to achieve a gross profit of approximately HK$652,000,000 from operating its own business in the year under review, the expected increase in losses is mainly due to a sharp rise in financing costs, loss in fair value of financial assets, and a discount on the Group's hotel properties due to a sharp rise in interest rates in Hong Kong (especially in the second half of 2023)
REGAL INT'L (00078) subsidiary plans to sell two aircraft for $44.5 million
According to the Zhitong Finance App, Century City International (00355), Pelipo Holdings (00617), and REGAL INT'L (00078) jointly announced that on February 28, 2024, Navigation Force Limited (seller), a wholly-owned subsidiary of Regal, had signed a letter of intent with the potential buyer relating to the possible sale of two A320-232 Airbus aircraft in accordance with the terms set forth in the letter of intent (“potential sale”). According to the letter of intent, the seller and potential buyer will use commercially reasonable efforts within 30 days of the date of the letter of intent
Regal Hotels (00078.HK), Century City International (00355.HK) and Pelipo Holdings (00617.HK): Regal subsidiary plans to sell two A320-232 Airbus aircraft
Gelonghui, March 18: Regal Hotels (00078.HK), Century City International (00355.HK) and Pelipo Holdings (00617.HK) jointly announced that on February 28, 2024, Navigation Force Limited (“Seller”), a wholly-owned subsidiary of Regal, has signed a letter of intent with the potential buyer regarding the possible sale of two A320-232 Airbus aircraft in accordance with the terms set out in the letter of intent. The aircraft was manufactured in 2002. The seller acquired the aircraft in 2018, and since then the aircraft has been leased to under an operating lease
REGAL INT'L (00078.HK) will hold a board meeting on March 27 to approve full year results
Gelonghui March 13 丨 REGAL INT'L (00078.HK) issued an announcement. The company will hold a board meeting on March 27, 2024 to approve the publication of the Group's annual results for the year ended December 31, 2023 and other related matters.
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