HONG KONG SAR – Media OutReach Newswire – February 21, 2024 –
2023 Annual Results – Financial Highlights
(Figures for the corresponding period in 2022 are shown in parentheses)
- Consolidated turnover: HK$ 822 million (HKD 561 million)
-
Consolidated operating loss: HK$ 89
million (HKD 215 million) -
Consolidated net loss attributable to shareholders of the Company: $HK 466
million (HKD 598 million) -
Basic loss per share: 22.89
Hong Kong cents (29.34 Hong Kong cents) - No final dividend (No final dividend)
Pacific Century Premium Developments Limited (“PCPD”, SEHK: 00432) announced its annual results for the financial year ended December 31, 2023.
The consolidated revenue of PCPD and its subsidiaries (together, the “Group”) amounted to HK$822 million, an increase of 46% compared to the revenue of HK$561 million in 2022.
The Group’s consolidated operating loss was HK$89 million, a decrease of 59% from the operating loss of HK$215 million in 2022.
The consolidated net loss attributable to shareholders of the Company for the year 2023 was HK$466 million, compared to a net loss of HK$598 million in 2022.
The basic loss per share for 2023 was 22.89 Hong Kong cents, compared to a loss per share of 29.34 Hong Kong cents for the previous year.
The Board of Directors has not recommended the payment of a final dividend for the financial year ending December 31, 2023.
In 2023, we delivered a strong set of results that reflect a continued period of recovery for the Group. After several years of global travel restrictions, the international travel and tourism sector has seen a gradual return to pre-pandemic travel patterns over the past year. This development continued to be very useful to the PCPD.
Park Hyatt Niseko, Hanazono, our hotel operations in Hokkaido, performed strongly in 2023, as Japan saw a sharp increase in inbound tourists during the year, which was the first full year of operations for the Park Hyatt Niseko since the country removed COVID-related travel. restrictions on foreign tourists. In 2023, the leisure facilities at Niseko Hanazono Resort also saw a significant increase in visitors and users compared to last year.
In Jakarta, Indonesia, the occupancy rate of our premium commercial property, Pacific Century Place, Jakarta (“PCP Jakarta”), remained stable throughout the year. As of December 31, 2023, the office occupancy rate stood at 83%, compared to 81% the previous year.
In Thailand, foreign tourist arrivals continued to increase, contributing to higher revenues at the Group’s clubhouse and 18-hole golf course in Phang Nga.
Piling work for our property development project at 3-6 Glenealy, Central is progressing well.
We are cautiously optimistic about the real estate sectors in Hong Kong, Japan, Thailand and Indonesia in the long term. We will formulate our cost and revenue strategies in anticipation of unforeseen situations and also to improve our business performance.
Mr. Benjamin Lam, Vice Chairman and Managing Director of PCPD Group, said: “Globally, 2024 will present different challenges, although there will also be opportunities in the Asia-Pacific region. We will closely monitor market developments while remaining agile in the field. how we deploy our resources, with a view to optimizing our performance and generating returns. »
Hashtag: #PCPD
The issuer is solely responsible for the content of this announcement.
