China Travel International Investment Hong Kong (China Travel HK), a state-controled investment holding company engaged in travel, theme park, hotel, resort, passenger transportation and other investments, recently announced its half-year results.
In the first half of 2022, the group’s consolidated revenue was HKD 885 million, representing a decrease of 14% compared with the corresponding period of last year.
Loss attributable to shareholders was HKD 285 million, while profit attributable to shareholders amounted to HKD 5.22 million in the corresponding period of last year.
But the company said its financial position remained stable and healthy, with adequate investment and financing capabilities.
Revenue from tourist attractions and related operations was HKD 583 million, representing a decrease of 19% compared with the corresponding period of last year.
Revenue from the group’s hotel operations was HKD 223 million, representing an increase of 9% compared with the corresponding period of last year. The hotel operations recorded a profit of HKD 6 million, making a turnaround from loss to profit.