In the "Performance" report, Regal International's annual loss narrowed to HKD 1.201 billion, with hotel-related revenue rising by 17.8%

Regal International (00078.HK) announced its full-year results for the year ending last December, with a revenue of HKD 2.759 billion, an increase of 51.1% year-on-year. The loss narrowed to HKD 1.201 billion, compared to a loss of HKD 2.598 billion in the same period last year; the loss per share was HKD 1.46. No dividend was declared.

The company stated that the reduction in loss was mainly due to a fair value loss of approximately HKD 946 million from investments held by its subsidiary, Sihai International Group Limited, in the previous year's financial performance, which has since been written down to a relatively insignificant value. Additionally, the improvement in the group's hotel operating performance and the decrease in financing costs due to the slowdown in Hong Kong interest rates also contributed to the relative improvement in performance.

During the period, the group's hotel operations and management business generated revenue of approximately HKD 711 million, an increase of about 17.8% year-on-year. In terms of property development, the group plans to re-launch the sale of the remaining 123 residential units at Queen's Road West Shanglong in June 2025, and all remaining units have been sold to date, generating significant sales proceeds