BTG Hotels Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 28, 2023
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BTG Hotels (Group) Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the quarter, the company reported sales was CNY 2,302.517 million compared to CNY 1,507.268 million a year ago. Net income was CNY 404.225 million compared to CNY 56.973 million a year ago. Basic earnings per share from continuing operations was CNY 0.3620 compared to CNY 0.0509 a year ago. Diluted earnings per share from continuing operations was CNY 0.3620 compared to CNY 0.0509 a year ago.
For the nine months, the company reported sales was CNY 5,910.65 million compared to CNY 3,838.7 million a year ago. Revenue was CNY 5,910.65 million compared to CNY 3,838.7 million a year ago. Net income was CNY 684.66 million compared to net loss of CNY 327.88 million a year ago. Basic earnings per share from continuing operations was CNY 0.6132 compared to basic loss per share from continuing operations of CNY 0.2938 a year ago. Diluted earnings per share from continuing operations was CNY 0.6132 compared to diluted loss per share from continuing operations of CNY 0.2938 a year ago.
BTG Hotels (Group) Co., Ltd. is a China-based company mainly engaged in the operation and management of hotels. The Company mainly operates through two business segments: the Hotel Businesses segment and the Scenic Businesses segment. The hotel operation businesses mainly include the operation of hotels and the leasing of hotel properties. The hotel management businesses mainly include the brand franchise and other franchise businesses. The Company mainly operates brands of Home Inn, Motel, Fairyland, among others.