MIRAMAR HOTEL (00071) announces its interim results, with shareholders' profit attributable to them rising 3.0% year-on-year to HKD 332 million.

MIRAMAR HOTEL (00071) announced its mid-term results for 2026, reporting a year-on-year decline in group revenue of 9.8% to HKD 1.168 billion; shareholders' attributable profit increased by 3.0% year-on-year to HKD 332 million; basic earnings per share were HKD 0.48. The company intends to declare an interim dividend of HKD 0.23 per share. During the period, the group optimized its various businesses according to its established strategy to enhance operational efficiency and long-term competitiveness. Regarding the hotel and serviced apartment sectors, the group seized periods of low demand to advance room renovations and upgrades to smart Internet of Things (IoT) facilities. This upgrade helps streamline operational processes, enhance productivity, and achieve energy savings, with an expected reduction of approximately 30% in energy consumption; at the same time, the group actively expanded its diverse customer base and capitalized on accommodation demand arising from major events and exhibitions. During the period, excluding rooms that were temporarily unavailable for rent due to the aforementioned renovations, The Mira Hong Kong and MOON HOTEL both achieved occupancy rates exceeding 90%, reflecting the strong foundation of the group's hotel brands in a competitive market environment.