Property News · March 21, 2017

HNA Holding reports net loss of HK$21.9 million for 2016


HNA Holding Group, the Hong Kong-listed unit of the Chinese conglomerate and owner of Hainan Airlines, has posted a sixth consecutive year of financial losses.
The company on Tuesday reported a net loss of HK$21.9 million for 2016 after persistent bad weather and fierce competition hit golf and hotel revenues at its Dongguan Hillview Golf Club.
The golf course was closed down due to bad weather for 426.5 hours last year, compared to just 91 hours in 2015.
HNA’s controlling shareholder…

Source : South China Morning Post
Read more…HNA Holding reports net loss of HK.9 million for 2016

You may also like...