Asia Standard Hotel Group Full Year 2024 Earnings: HK$1.12 loss per share (vs HK$0.10 loss in FY 2023)

Asia Standard Hotel Group (HKG:292) Full Year 2024 Results

Key Financial Results

• Revenue: HK$891.2m (down 3.8% from FY 2023).
• Net loss: HK$2.25b (loss widened by HK$2.04b from FY 2023).
• HK$1.12 loss per share (further deteriorated from HK$0.10 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

The primary driver behind last 12 months revenue was the Financial Investments segment contributing a total revenue of HK$510.7m (57% of total revenue). The most substantial expense, totaling HK$2.77b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 292's revenue and expenses shape its earnings.

Asia Standard Hotel Group shares are up 2.4% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Asia Standard Hotel Group (at least 2 which don't sit too well with us), and understanding these should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com