Harbour Centre Development Ltd 2023 AR2
The report outlines the financial and operational performance of Harbour Centre Development Limited for the fiscal year 2023, highlighting a recovery in its hotel operations following the reopening of borders. The Group's consolidated revenue increased by 39% to HK$1,579 million, with operating profit rising to HK$408 million. While the company reported an underlying net loss of HK$201 million due to impairment provisions on development properties in Mainland China, its flagship hotels, The Murray and Marco Polo Hongkong Hotel, achieved steady recovery. The report also highlights the company's commitment to sustainability, referencing its alignment with the Wharf REIC sustainability framework and the preparation of a standalone Sustainability Report 2023.
Company: Harbour Centre Development Ltd
Sector: Hospitality & food services
Country: Hong Kong
Year: 2023
Type: AR2
Pages: 120
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Harbour Centre Development Ltd
Annual Report
The report outlines the financial and operational performance of Harbour Centre Development Limited for the fiscal year 2023, highlighting a recovery in its hotel operations following the reopening of borders. The Group's consolidated revenue increased by 39% to HK$1,579 million, with operating profit rising to HK$408 million. While the company reported an underlying net loss of HK$201 million due to impairment provisions on development properties in Mainland China, its flagship hotels, The Murray and Marco Polo Hongkong Hotel, achieved steady recovery. The report also highlights the company's commitment to sustainability, referencing its alignment with the Wharf REIC sustainability framework and the preparation of a standalone Sustainability Report 2023.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Workplace Fatalities
Employees