Harbour Centre Development Ltd 2024 AR2
The report outlines Harbour Centre Development Limited's financial and operational performance for the fiscal year 2024. The Group's consolidated revenue decreased by 14% to HK$1,354 million, while operating profit slightly declined by 1% to HK$404 million. Despite global economic uncertainties and a challenging hospitality market, the Group achieved an underlying net profit of HK$83 million, a significant recovery from a loss of HK$201 million in 2023, primarily due to reduced impairment provisions on development properties. The Group continues its advanced exit from development properties in Mainland China to focus on its core hotel and property investments.
Company: Harbour Centre Development Ltd
Sector: Hospitality & food services
Country: Hong Kong
Year: 2024
Type: AR2
Pages: 118
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Harbour Centre Development Ltd
Annual Report
The report outlines Harbour Centre Development Limited's financial and operational performance for the fiscal year 2024. The Group's consolidated revenue decreased by 14% to HK$1,354 million, while operating profit slightly declined by 1% to HK$404 million. Despite global economic uncertainties and a challenging hospitality market, the Group achieved an underlying net profit of HK$83 million, a significant recovery from a loss of HK$201 million in 2023, primarily due to reduced impairment provisions on development properties. The Group continues its advanced exit from development properties in Mainland China to focus on its core hotel and property investments.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
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