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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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Business zone:Guangxi University Business Circle / High-tech Zone
Area:xixiangtangqu
Address:Guangxi · Nanning · xixiangtangqu - Nanning Xixiangtang High-tech Zone Zhenxing Longmen water are within the scenic area, China

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Longmen Shuidu Yangxin Valley Hot Spring Hotel address: Nanning Xixiangtang High-tech Zone Zhenxing Longmen water are within the scenic area, China

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