Dubai PR Network, Online Press Release from Dubai and Middle East
Filter PR by
Pacific Century Premium Developments Limited announces interim results for six months ended June 30, 2022
HONG KONG SAR - Media OutReach - 9 August 2022 -

2022 Interim Results - Financial Highlights

(Figures for the corresponding period in 2021 are shown in brackets)

  • Consolidated revenue: HK$ 271 million (HK$ 212 million)
  • Consolidated operating loss: HK$ 108 million (HK$ 209 million)
  • Consolidated net loss attributable to equity holders of the Company: HK$ 336 million (HK$ 417 million)
  • Basic loss per share: 16.49 HK cents (22.55 HK cents)
  • No interim dividend (No interim dividend)

Pacific Century Premium Developments Limited ('PCPD', SEHK: 00432) announced its interim results for the six months ended June 30, 2022.

The consolidated revenue of PCPD and its subsidiaries (together, the 'Group') amounted to HK$ 271 million, compared to HK$ 212 million for the corresponding period of 2021.

The Group's consolidated loss attributable to equity holders of the Company for the first six months of 2022 totalled HK$336 million, compared to a net loss of HK$417 million for the corresponding period last year. Basic loss per share for the six months ended June 30, 2022 was 16.49 Hong Kong cents, compared to a loss per share of 22.55 Hong Kong cents for the corresponding period of 2021.

The Board of Directors did not declare an interim dividend for the first half of 2022.

The first half of 2022 saw travel restrictions lifted progressively in some countries. However, certain pandemic related restrictions remained in place in Japan, where we operate business. The occupancy rate of Park Hyatt Niseko, Hanazono remained low, impacted by the restriction on international travelers under COVID-19, whereas its performance has improved year-on-year. We have been cautious and reinforced efforts in managing costs at the operational level while keeping the utmost service standard.

In South East Asia, Pacific Century Place, Jakarta, our premium commercial property located in Indonesia, has maintained a stable performance and continued to be a revenue driver of the Group. As at June 30, 2022, the office space occupancy was at 80 per cent. In Phang Nga, Thailand, though the golf clubhouse and the 18-hole golf course commenced operations in August 2021, the number of visitors and golf rounds remained low given the reduced international visitor numbers as a result of COVID-19 in the first half of 2022. The handover of completed villas and inspection with owners have progressed well since December last year.

In respect of our property development project at 3-6 Glenealy, Central, Hong Kong, foundation works are in progress.

Mr. Benjamin Lam, PCPD's Deputy Chairman and Group Managing Director, said: 'Amid the growing concerns of high inflation, interest rate hikes, geo-political conflict and potential global recession, the global economic outlook for 2022 is uncertain. Despite the uncertainties ahead, we remain cautiously optimistic on the long-term future of the real estate segment in Hong Kong, Japan, Thailand and Indonesia. We will continue to adopt a prudent approach to optimize our resources and business strategies.'

Hashtag: #PacificCenturyPremiumDevelopments #PCPD

The issuer is solely responsible for the content of this announcement.

About PCPD

Pacific Century Premium Developments Limited ('PCPD' or the 'Group', SEHK: 00432) is principally engaged in the development and management of premium-grade property and infrastructure projects as well as premium-grade property investments. PCCW Limited ('PCCW', SEHK: 00008) is the single largest shareholder of the Group.

Pacific Century Premium Developments Limited

Posted by : Media Outreach, Jenny
Viewed 0 times
PR Category : Others
Posted on : Tuesday, August 9, 2022  3:38:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Media OutReach

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Take A Deep Dive Into Bernhard H. Mayer's Latest Watch, the Wave Breaker [10685-Views]
Arab Achievements In The New Guinness World Records 2023 Book Revealed [7384-Views]
Gold Price Hits a Two Year Low: Best Time to Invest in Gold [6023-Views]
Codebreakers Wanted! Unlock The Bremont Vault [5719-Views]
Time On Mars [5691-Views]
Pandora Reveals First Ever Art Collaboration With Keith Haring X Pandora [5564-Views]
Kalyan Silks' 6th Showroom in UAE Inaugurated in Sharjah by Prithviraj Sukumaran [4895-Views]
Mexico and Costa Rica Explore Cooperation in Culture and Knowledge Sectors With Sharjah [4600-Views]
Charles Simon Disrupts Watch Industry With Innovative Accessories. [4506-Views]
Fyne Jewellery Re-launches The Stargazing Collection [4432-Views]
Samsung Electronics Announces New Environmental Strategy [4202-Views]
Team Abu Dhabi Star Tops Qualifying With Dramatic Late Surge [4157-Views]
Start-Up of Unit 3 of Barakah Nuclear Energy Plant Accelerates Achievement of UAE Net Zero... [4116-Views]
Torrente Keeps Grip On Title Race As Zandbergen Claims Maiden Victory In Italy [4010-Views]
Tanishq Takes “Every Woman A Diamond” Global [3928-Views]
The Opulent Furniture Brand Brings a Lifestyle Worth Living To Dubai [3887-Views]
Weekend Max Mara – “FROM LILY WITH LOVE” [3698-Views]
Department Of Government Relations Brings The Prestigious Alliance Française To Sharjah [3694-Views]
GJC Felicitates Malabar Gold & Diamonds [3637-Views]
BOCA Partners with Goshopia to Create Sustainable Uniforms for its Guest Relations team [3428-Views]
Free Gourmet Coffee For The First 25 Diners At Le Gourmet On 1st Oct [3251-Views]
ADQ and OIA Identify AED 30 Billion Worth of Investment Opportunities in Oman [3136-Views]
Mohammed Bin Rashid Library The “towards An Active Role For Public Libraries In Community ... [3009-Views]
Department Of Statistics And Community Development Launches Sharjah Census 2022 Reminding ... [3005-Views]
Ons Jabeur And Emma Raducanu Confirmed For Mubadala World Tennis Championship [2895-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Top Sections
 
Top Stories