Hong Kong-listed casino investor Shin Hwa World Ltd says it expects its full-year 2025 consolidated net loss to be lower by “approximately 20 percent to 35 percent” than in the prior year.
The firm controls Jeju Shinhwa World (pictured in a file photo), a resort complex with a foreigner-only casino in Jeju, a semi-autonomous holiday island in South Korea.
In 2024, the loss attributable to owners of the parent was HKD494.1 million (US$63.2 million currently).
The anticipated narrowing in 2025 of the firm’s consolidated net loss was “mainly attributable to … decline in operating expenses due to the absence of certain non-recurring expenses; … decrease in amortisation and depreciation; and increase in fair value of investment properties”.
The company added: “As at the date of this announcement, the group is still in the course of assessing the impairment loss on intangible assets, if required.”
Assessment of that element would be a contributory factor in the anticipated reduction of approximately 20 percent to 35 percent in consolidated net loss in 2025.
The 2025 results are likely to be published in late March, said the firm. Under bourse rules, the prior year’s results are to be published no later than the end of the first quarter the following year.
Shin Hwa World Ltd reported in late August a net loss of about HKD244.4 million in the first six months of 2025, compared with a loss of HKD231.5 million a year earlier. That was on first-half revenue that fell by 21.8 percent year-on-year, to below HKD410.4 million.
