The Business Times
business-time-50

HPL expects net loss in H1 2023

google-preferred-sourceAdd BT as a preferred source
Claudia Chong

Claudia Chong

Published Fri, Jul 28, 2023 · 08:52 PM
    • HPL is due to release its unaudited financial results by Aug 14.
    • HPL is due to release its unaudited financial results by Aug 14. PHOTO: PIXABAY

    HOTEL Properties Limited (HPL) on Friday (Jul 28) said it is expecting a net loss for the six months ended Jun 30, based on a preliminary review of its financial results.

    The group said there was an improvement in the general performance of its hotels and resorts. However, higher interest costs and a bigger share of losses from associates and jointly controlled entities are expected to drag the group into the red.

    HPL’s unaudited financial results will be released by Aug 14.

    Shares of HPL closed at S$3.67 on Friday, down 0.5 per cent or S$0.02.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Hotel Properties LtdFinancial resultsSpotlight

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    In the last round of bidding, the premium for Category B was S$980 more than that for Category A.

    Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    The suspension at Manulife comes amid a broader, coordinated crackdown on cross-border wealth channels.

    Manulife pulls loan product for rich Hong Kong clients after scrutiny

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More