Fosun Travel: Loss expected to exceed RMB 2 billion in the first half,41 resorts have been reopened

Great Scenic Area Author of this article: 188bet app download 2021-07-16
The loss was mainly due to the resort's turnover falling by approximately 64%.

July 15,Fosun 188bet app download issues profit warning,Announcement,The first half of 2021 compared to the first half of 2020,Mainly due to a decrease of approximately 64% in resort revenue (at constant exchange rates),Expected to cause the Group’s turnover to decrease by approximately 42%。At the same time,Fosun 188bet app download Culture’s expected loss attributable to shareholders of the parent company in the first half of 2021 is RMB 20-21.500 million yuan,These losses are mainly due to the operating losses of the Group’s resort operations。

According to the announcement,As of July 9, 2021, 41 resorts have restarted operations,Accommodation capacity increased by 111% compared with July 9, 2020,Restored to 71% of July 9, 2019。As of July 9, 2021,At constant exchange rate,The cumulative bookings for the six months ended December 31, 2021 (second 188bet app download 2021) increased by approximately 90% compared with the bookings for the second 188bet app download 2020 recorded as of July 9, 2020,Recovered to 86% of bookings for the second 188bet app download 2019 recorded as of July 9, 2019。

According to the announcement,Fosun 188bet app download Club Med’s China resort revenue is expected to record a year-on-year growth of approximately 172% in the first half of 2021。Atlantis Sanya’s revenue is expected to record a year-on-year growth of approximately 152% in the first half of 2021,And is expected to record an EBITDA profit margin of approximately 49% in the first half of 2021。

As of June 30, 2021,Fosun 188bet app download’s cash and bank balances are expected to be no less than RMB 5.1 billion,The unused bank loan limit is expected to be no less than 4.3 billion yuan,Bank loans due within one year are not expected to exceed RMB 2.3 billion。

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