MAGNIFICENT, SHUNHO PROPERTY, and SHUNHO HOLDINGS expect the annual net profit attributable to shareholders after tax, excluding revaluation and depreciation, to increase year-on-year

MAGNIFICENT, SHUNHO PROPERTY, and SHUNHO HOLDINGS are expected to see significant growth in net profit for the fiscal year 2024. MAGNIFICENT expects a net profit of no less than HKD 103 million, an increase of over 151% year-on-year; SHUNHO PROPERTY expects a net profit of no less than HKD 145 million, an increase of over 49% year-on-year; SHUNHO HOLDINGS expects a net profit of no less than HKD 70 million, an increase of over 49% year-on-year. The average occupancy rate of the hotel exceeds 90%, with revenues increasing by no less than 16%, 13%, and 13%, respectively