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RTNominal unchange0.134 0.000 (0.000%)

15/11/2021 15:19

FE Hotels (00037) expects to record interim profit

[ET Net News Agency, 15 November 2021] Far East Hotels and Entertainment Limited
(00037) said the interim results of the group for the six months ended 30 September 2021
are expected to record a profit in the region of HK$15 million comparing with the loss of
approximately HK$4 million for the corresponding period in 2020.
The expected turnaround was mainly attributable to the combined effects of (i) an
increase of approximately HK$19 million in fair value of investment properties compared to
a decrease of approximately HK$14 million for the corresponding period in 2020; and (ii) a
decrease of approximately HK$7 million in fair value of financial assets at fair value
through profit or loss compared to an increase of approximately HK$4 million for the
corresponding period in 2020. (RC)

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