Sino Hotels expects conditions to remain challenging after first-half losses rise amid Covid-19 curbs in Hong Kong


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Sino Hotels , controlled by billionaire Robert Ng Chee Siong, said on Thursday that the outlook does not look too bright after its first-half losses widened, as Hong Kong’s zero Covid-19 policy continued to weigh on its bottom line. The owner of the Conrad Hong Kong saw losses increase by more than a fifth to HK$55.5 million (US$7.1 million) for the six months ending December from a year ago. “The hospitality industry continued to be heavily impacted by cross-border travel restrictions and social distancing measures,” Ng said in a statement filed to the Hong Kong stock exchange. “A meaningful recovery...