The company has reported it expects no big losses for H1 despite the pandemic crisis.<\/p>\n\n\n\n\n\n\n\n
Hong Kong.- Landing International Development has said it expects to post only a slight year-on-year net loss despite a 25 per cent fall in revenue.<\/p>\n\n\n\n
In a filing to the Hong Kong Stock Exchange, the firm said it \u201cexpected to record a decrease in consolidated revenue of approximately 25 per cent and a slight decrease in consolidated net loss for the six months period ended 30 June 2020 as compared with the corresponding period in 2019.\u201d<\/p>\n\n\n\n
Due to the measures to contain the spread of the novel coronavirus virus, the group’s integrated resort in South Korea, Jeju Shinhwa World, suffered a mass drop in visitation. The company also saw a reduction of property sale activities.<\/p>\n\n\n\n
However, Landing has reported an increase in net revenue from its gaming business, a decrease in operating expenses and a decrease in finance costs for lease liability due to the termination of leases in 2019. <\/p>\n","protected":false},"excerpt":{"rendered":"
The company has reported it expects no big losses for H1 despite the pandemic crisis.<\/p>\n","protected":false},"author":2,"featured_media":9119,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Landing International Development anticipates a slight year-on-year net loss for H1 2020, despite a 25% consolidated revenue decrease. This performance, primarily impacted by reduced visitation to Jeju Shinhwa World due to the pandemic and lower property sales, was partially mitigated by increased gaming revenue, decreased operating expenses, and reduced finance costs.","focusai_entities":"Landing International Development, Hong Kong Stock Exchange, Jeju Shinhwa World","focusai_location":"Hong Kong, South Korea","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Gaming Revenue Drivers","query":"What specific gaming verticals or VIP segments contributed to the reported increase in net gaming revenue (NGR) for Landing International Development during H1 2020, and how does this compare to pre-pandemic performance?"},{"label":"Cost Structure Analysis","query":"Can Landing International Development provide a more granular breakdown of the operating expenses reduction, specifically identifying which cost centers (e.g., marketing, personnel, utilities) saw the most significant decreases and their sustainability post-pandemic?"}],"footnotes":""},"categories":[160,16338,163],"tags":[1619],"class_list":["post-9117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","tag-hong-kong"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=9117"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9117\/revisions"}],"predecessor-version":[{"id":9120,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9117\/revisions\/9120"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9119"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=9117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=9117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=9117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}