Shun Tak Holdings Limited has declared a consolidated loss attributable to owners of the company of HK$677 million (US$86.5 million) for the year ending 31 December 2023.
In a regulatory filing, it said that the loss had widened from HK$558 million (US$71.3 million) in 2022. Shun Tak posted a basic loss per share of HK$0.22 (US$0.028) compared with the previous year’s HK$0.18 (US$0.023) and no dividends will be paid.
Revenue amounted to HK$4 billion (US$511 million) compared to 2022’s HK$3.4 billion (US$434 billion).
[See more: This is how much of a loss Shun Tak made in the last year of the pandemic]
The group noted that its property division recorded a profit of HK$882 million (US$112.7), down from 2022’s HK$1.1 billion (US$140.5 million).
The hospitality division – which encompasses properties in Macao, Hong Kong, mainland China and Singapore – posted a loss of HK$74 million (US$9.4 million), an improvement on the previous year’s loss of HK$156 million (US$19.9 million)
Shun Tak’s transport division, which includes TurboJet ferries, posted a HK$10 million (US$1.2 million) profit.
