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REGAL INT'L (00078) Announces Annual Results Loss attributable to shareholders of HK$1,792 billion, up 400.1% year-on-year
REGAL INT'L (00078) released for the year ended December 31, 2023...
REGAL INT'L: ANNOUNCEMENT OF 2023 GROUP FINAL RESULTS
REGAL INT'L (00078.HK) Profit Alert: Expected annual net loss of approximately HK$1,792 billion
Glonghui March 20 | REGAL INT'L (00078.HK) announced that the company expects to record a net loss of approximately HK$1,792 million for the year ended December 31, 2023, compared with a loss of HK$358,300,000 last year. Although the Group expects to achieve a gross profit of approximately HK$652,000,000 from operating its own business in the year under review, the expected increase in losses is mainly due to a sharp rise in financing costs, loss in fair value of financial assets, and a discount on the Group's hotel properties due to a sharp rise in interest rates in Hong Kong (especially in the second half of 2023)
REGAL INT'L: PROFIT WARNING
Regal International plans to sell two Airbus jets
Greenway, March 18 | Century City (0355.HK), Pelipo (0617.HK) and Regal International (0078.HK) announced that Regal's wholly-owned subsidiary Navigation Force Limited has signed a letter of intent with a potential buyer regarding the possible sale of two A320-232 Airbus aircraft. The total cost of the aircraft under the letter of intent was $44.5 million, subject to a number of adjustments in payment when ownership of the aircraft was transferred to a potential buyer. The aircraft was produced in 2002, and the seller bought the aircraft in 2018. Since then it has flown
REGAL INT'L (00078) subsidiary plans to sell two aircraft for $44.5 million
According to the Zhitong Finance App, Century City International (00355), Pelipo Holdings (00617), and REGAL INT'L (00078) jointly announced that on February 28, 2024, Navigation Force Limited (seller), a wholly-owned subsidiary of Regal, had signed a letter of intent with the potential buyer relating to the possible sale of two A320-232 Airbus aircraft in accordance with the terms set forth in the letter of intent (“potential sale”). According to the letter of intent, the seller and potential buyer will use commercially reasonable efforts within 30 days of the date of the letter of intent
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