Property News · August 23, 2017

Wanda Hotel first-half loss widens to HK$$300 million


Losses at Wanda Hotel Development, the overseas platform of Chinese tycoon Wang Jianlin’s Dalian Wanda Group, widened to HK$300 million (US$38.3 million) in the first half of 2017, no thanks to a substantial loss from the disposal of a Madrid development project.
The first-half loss was also eight times the year-earlier period’s HK$37 million, the company said in a filing to the Hong Kong stock exchange on Wednesday.
The developer booked a one-off loss of HK$330 million on its…

Source : South China Morning Post
Read more…Wanda Hotel first-half loss widens to HK$0 million

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