MAGNIFICENT, SHUNHO PROPERTY, and SHUNHO HOLDINGS expect the mid-term net profit attributable to shareholders after tax, excluding revaluation and non-cash depreciation, to increase year-on-year
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MAGNIFICENT, SHUNHO PROPERTY, and SHUNHO HOLDINGS are expected to see mid-2025 net profits increase year-on-year, with MAGNIFICENT expected to be no less than HKD 59 million, SHUNHO PROPERTY HKD 78 million, and SHUNHO HOLDINGS HKD 38 million, representing increases of over 40%, 28%, and 27% respectively. The growth is mainly attributed to increased hotel revenue and reduced operating and financial costs. However, the net profits of SHUNHO PROPERTY and SHUNHO HOLDINGS may still decline due to a weak property market
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