Fujian Holdings Limited Provides Earning Guidance for the Year Ended 31 December 2020
February 26, 2021 at 03:31 am EST
Fujian Holdings Limited provided earnings guidance for the year ended 31 December 2020. For the year, the company expects will record a consolidated profit of approximately HK$2,000,000, as compared with the consolidated profit of the Group for the year ended 31 December 2019 of approximately HK$9,462,000. Such decrease in consolidated profit was mainly attributable to the outbreak of COVID-19 pandemic in the financial year of 2020, resulting in the suppressed demand and a sharp decline in the number of tourists for the Group's hotel in Mainland China,
which negatively affected the financial performance of the hotel operating businesses of the Group.