Hotel Grand Central Expects to Book Net Loss in 2024

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2025.02.27 03:44
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Hotel Grand Central has forecasted a net loss after tax for the year ended Dec. 31, 2024, according to a filing with the Singapore Exchange on Wednesday. The company has attributed this to a change in the New Zealand tax legislation, which resulted in a one-off non-cash recognition of deferred taxation as a tax expense. The company will release its financial findings on Feb. 28.

Hotel Grand Central has forecasted a net loss after tax for the year ended Dec. 31, 2024, according to a filing with the Singapore Exchange on Wednesday.

The company has attributed this to a change in the New Zealand tax legislation, which resulted in a one-off non-cash recognition of deferred taxation as a tax expense.

The company will release its financial findings on Feb. 28.

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