Earnings Troubles May Signal Larger Issues for Langham Hospitality Investments (HKG:1270) Shareholders
LANGHAM-SS: 2024 Annual Report
LANGHAM-SS (01270): Payment of hotel management fees and licensing fees.
LANGHAM-SS (01270) announced that as of December 31, 2024, the amount payable to the hotel managers...
LANGHAM-SS (01270) announced its 2024 performance, with profit attributable to Hold unit holders approximately 0.232 billion Hong Kong dollars, a decrease of 78.6% year-on-year.
LANGHAM-SS (01270) announced its full-year results for 2024, with hotel portfolio revenue of approximately 1.5877 billion HKD...
Express News | Langham Hospitality Investments FY Revpar HKD 1748
Express News | Langham Hospitality Investments FY Net Income HKD 231.7 Million
LANGHAM-SS: 2024 ANNUAL RESULTS ANNOUNCEMENT
LANGHAM-SS (01270.HK) plans to hold a Board of Directors meeting on February 13 to approve the final performance.
Gelonghui, January 27th丨LANGHAM-SS (01270.HK) announced that the Board of Directors will hold a meeting on February 13, 2025 (Thursday) to approve the announcement of the final performance of this REITs, the company, and the custodian - manager for the year ending December 31, 2024, as well as to consider the proposal for a final distribution (if any).
LANGHAM-SS (01270.HK): The hotel manager has chosen to withdraw the management fees in full in Cash.
On December 16, Gelonghui reported that LANGHAM-SS (01270.HK) announced that according to the hotel management agreement and trademark licensing agreement, the hotel manager (a wholly-owned subsidiary of GREAT EAGLE H) has chosen to withdraw the management fees in full in Cash / Money Market as of December 31, 2025. Therefore, the distribution amount to the holders of the consolidated units will be reduced as of December 31, 2025.
LANGHAM-SS: 2024 Interim Report
Langting-SS (01270) fell by 48.90%, now trading at 0.455 yuan, hitting a new 52-week low.
As of 10:49, Langting-SS (01270) fell by 48.90% from the previous closing price, now at 0.455 yuan, hitting a 52-week low; with a volume of 0.246 million shares, and a turnover of 0.1128 million Hong Kong dollars.
The Langham-SS (01270.HK) issued shares to pay for hotel management fees and licensing fees.
Langham-SS (01270.HK) announced on August 29 that the trust and the company will issue 59,245,043 new shares or order units to LHIL Assets on August 30, 2024, under special authorization, to pay the hotel management fees and licensing fees due to the hotel manager during the six-month period ending June 30, 2024. The trust and the company have applied to the Stock Exchange for approval to list and trade the shares or order units to pay the manager fees for the six-month period ending June 30, 2024.
LungTing-SS (01270) will issue 59.245 million new shares based on special authorization, totaling the order.
Link REIT (01270) announced that the trust and the company will act in accordance with the special authorization until August 2024...
Langham Hospitality Investments' Profit Down in H1
Langham-SS (01270) released its interim performance, with a surplus of HKD 43.02 million attributable to holders of shares and orders, a year-on-year decrease of 93.18%.
Langham - SS (01270) released its interim performance for the six months ending on June 30, 2024. During that period, the group achieved ...
Langham-SS (01270.HK) had a pre-tax profit of HKD 43 million in the first half year after tax.
Langham - SS (01270.HK) announced on August 16th that the total rental income in the first half of 2024 decreased by 19.0% to HKD 191.1 million after deducting service fee expenses. Net property income of the trust group decreased by 20.0% to HKD 180.9 million annually after deducting hotel property-related expenses. The post-tax profit for the first half of 2024 was HKD 43.0 million.
Express News | Langham Hospitality Investments H1 Net Income HKD 43 Million
Express News | Langham Hospitality Investments H1 Revpar HKD 1400
Express News | Langham Hospitality Investments H1 Net Asset Value HKD 9,284.1 Million
LANGHAM-SS: 2024 INTERIM RESULTS ANNOUNCEMENT