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Upscale hotel group New Century reports a 144.1% jump in EBITDA

2020/3/22 22:06:01
Zhejiang New Century Hotel Management reported that its revenue for 2019 rose 7.2% to RMB1,928.0 million and that its EBITDA climbed 144.1% to RMB741.9 million. Gross profit was RMB565.0 million, up by 20.7%. Net profit was RMB205.0 million, 8.4% more than the previous year.

The Chinese hotelier which is invested by Trip.com Group said earlier that it suspended operations at five properties for 38 days due to the coronavirus, causing a downward adjustment of the base rent by RMB 20.77 million in aggregate from RMB 200.00 million to RMB 179.23 million.
Author:管理员

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Mingchen International Hotel Changsha traffic info

Business zone:Xingsha Economic Development Zone
Area:xingshajingjijishukaifaqu
Address:Hunan · Changsha · xingshajingjijishukaifaqu - Lixiang West Road, Xingsha, Economic and Technological Development Zone Xingshajingjijishukaifa District Changsha China