Magnificent Hotel Investments Ltd operates within the Hotels and motels sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Magnificent Hotel Investments Ltd with three other
companies in this sector in HONG KONG :
Gudou Holdings Ltd
sales of 270.49 million Hong Kong Dollars [US$34.89 million]
of which 68%
was Hotels and resort operation),
Sino Hotels (Holdings) Ltd
(320.65 million Hong Kong Dollars [US$41.36 million]
of which 88%
was Hotel Operations - City Garden Hotel), and
Capital Estate Limited
(432.21 million Hong Kong Dollars [US$55.75 million]
of which 84%
During the year ended December of 2019, sales at
Magnificent Hotel Investments Ltd were HK$427.59 million (US$55.15 million).
decrease of 26.2%
versus 2018, when the company's sales were HK$579.67 million.
Contributing to the drop in overall sales was the 28.4% decline
in Hospitality Services, from HK$540.04 million to HK$386.62 million.
However, these declines were partially offset by the increase in sales of
Property Investment (up 3.4% to HK$35.95 million)
Securities Investment (up 3.1% to HK$5.02 million)