MAGNIFICENT (00201) Announces FY2025 Results: Swings to HK$8.2 Million Profit Attributable to Owners
Stock News
Mar 20
MAGNIFICENT (00201) has released its final results for the year ended December 31, 2025. The Group reported total revenue of HK$559 million, representing an increase of 6.25% compared to the previous year. Profit attributable to owners of the company was HK$8.2 million, a significant turnaround from a loss of HK$44.775 million in the same period last year. Basic earnings per share were 0.09 HK cents. According to the announcement, the overall increase in profit for the year ended December 31, 2025, was primarily due to a revenue increase of HK$32 million, coupled with a reduction in hotel operating costs of HK$11 million, a decrease in administrative expenses of HK$6 million, and a reduction in finance costs of HK$14 million.
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