Jinmao Hotel Investments and Management Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2017
August 07, 2017 at 12:06 am
Jinmao (China) Hotel Investments and Management Limited reported unaudited consolidated earnings results for the six months ended June 30, 2017. For the period, the company reported revenue of HKD 1,287.854 million against HKD 1,214.669 million a year ago. Profit before tax was HKD 369.474 million against HKD 330.423 million a year ago. Profit for the period was HKD 248.353 million or HKD 0.12 per basic and diluted share against HKD 211.993 million or HKD 0.11 per basic and diluted share a year ago. Net cash flows used in operating activities were HKD 922.890 million against net cash flows from operating activities HKD 808.893 million a year ago. Purchases of items of property, plant and equipment was HKD 133.046 million against HKD 185.036 million a year ago. Additions to intangible assets were HKD 1.440 million against HKD 1.054 million a year ago. EBITDA was HKD 497.5 million against HKD 479.7 million a year ago. Net debt was HKD 7,217.8 million on June 30, 2017.