BRIEF-Hongkong And Shanghai Hotels Says FY Revenue Hk$2,710 Million

Reuters2021-03-17

March 17 (Reuters) - Hongkong and Shanghai Hotels Ltd

:

* HONGKONG AND SHANGHAI HOTELS LTD- FY REVENUE HK$2,710 MILLION VERSUS HK$5,874 MILLION

* HONGKONG AND SHANGHAI HOTELS LTD - IT IS EXPECTED THAT GROUP MAY SUSTAIN AN OPERATING LOSS IN 2021 DUE TO ONGOING EFFECTS OF CORONAVIRUS

* HONGKONG AND SHANGHAI HOTELS LTD - FY LOSS ATTRIBUTABLE HK$1,940 MILLION VERSUS PROFIT OF HK$494 MILLION

* HONGKONG AND SHANGHAI HOTELS-NOTED RECENT VIOLENCE IN MYANMAR WITH "GREAT CONCERN" AND CONTINUE TO EVALUATE ACTIONS REQUIRED AND LONGER-TERM DECISIONS

* HONGKONG AND SHANGHAI HOTELS LTD - HAVE SUFFICIENT LIQUIDITY TO COVER OUR PROJECT COMMITMENTS

* HONGKONG AND SHANGHAI HOTELS - CURRENTLY EXPERIENCING STABLE DEMAND FOR LUXURY RESIDENTIAL LETTINGS IN HONG KONG

* HONGKONG AND SHANGHAI HOTELS- HAS SUFFICIENT COMMITTED FACILITIES TO COVER CAPITAL COMMITMENTS, PROVIDE LIQUIDITY COVER OF WELL OVER 2 YEARS

* HONGKONG AND SHANGHAI HOTELS LTD - PENINSULA LONDON AND PENINSULA ISTANBUL ARE EXPECTED TO OPEN IN 2022

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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