Far East Hotel (00037.HK) Issues Profit Warning, Annual Loss Expected to Narrow to Around HK$7 Million

NewTimeSpace News: On June 23, 2026, Far East Hotel (00037.HK) released a profit warning. Based on preliminary assessment of the Group’s unaudited financial information for the current year, the company expects to record a net loss of about HK$7 million for the financial year ending March 31, 2026, versus a net loss of approximately HK$35 million registered in the year ended March 31, 2025, with a notable contraction in losses.

The board attributes the improved performance mainly to higher gross profit driven by increased rental income and better cost control, a reduction in fair value losses on investment properties, and write-back of provisions relating to discontinued operations.

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