SAI LEISURE released its annual performance, with a loss attributable to shareholders of USD 18.955 million, a year-on-year decrease of 17.45%
SAI LEISURE released its annual performance report for the year ending December 31, 2024, showing that the company's revenue was USD 42.795 million, an increase of 16.14% year-on-year; the loss attributable to shareholders was USD 18.955 million, a decrease of 17.45% year-on-year. The operating loss was approximately USD 14.454 million, a reduction of USD 3.729 million compared to last year, with a decrease of 20.5%. The company reduced losses by cutting costs and improving operational efficiency, with decreases in both employee costs and catering costs
According to the report from Zhitong Finance APP, SAI LEISURE (01832) announced its annual performance for the year ending December 31, 2024, with the group achieving revenue of USD 42.795 million, an increase of 16.14% year-on-year; the loss attributable to shareholders was USD 18.955 million, a decrease of 17.45% year-on-year; basic loss per share was 5.3 cents.
During the year, the group's operating loss was approximately USD 14.454 million, a reduction of USD 3.729 million compared to last year's operating loss of approximately USD 18.183 million, representing a decrease of 20.5%. In addition to the increase in revenue, the continued implementation of effective cost-cutting measures and improvements in operational efficiency also contributed to the reduction in operating losses for the year. Specifically, employee costs decreased by approximately USD 1.319 million compared to last year, and food and beverage costs decreased by approximately USD 643,000 compared to last year. However, the group also noted that the aforementioned operating loss amount included (among other things) an impairment provision of USD 3.68 million for Kanoa Resort assets and depreciation and amortization expenses related to the group's assets (non-cash items) of approximately USD 11.152 million
