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HPL expects net loss in H1 2023

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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.

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