Miramar Hotel and Investment Company, Limited Announces Consolidated Earnings Results for the Year Ended December 31, 2017
March 19, 2018 at 11:00 am EDT
Miramar Hotel and Investment Company, Limited announced consolidated earnings results for the year ended December 31, 2017. For the year, the company reported revenue of HKD 3,186,203,000 against HKD 3,118,437,000 a year ago. Profit before taxation was HKD 1,686,210,000 against HKD 1,464,097,000 a year ago. Profit for the period attributable to shareholders of the company was HKD 1,519,245,000 against HKD 1,276,719,000 a year ago. Basic and diluted earnings per share were HKD 2.45 against HKD 2.19 a year ago. Underlying profit attributable to shareholders surged significantly by 32% to approximately HKD 764 million against HKD 580 million a year ago. Adjusted EBITDA was HKD 1,052,077,000 against HKD 997,220,000 a year ago.