Century City International Holdings Ltd., Paliburg Holdings Ltd. and Regal Hotels International Holdings Ltd. expect their respective group results for the year ended Dec. 31, 2017, to be "substantially better" year over year.
Diversified property companies Century City and Paliburg Holdings attributed the projected better results mainly to fair value gains on investment properties and financial assets held by the groups during the year under review.
Hotel group Regal Hotels, meanwhile, attributed the positive projection to a number of factors, including fair value gains on the financial assets portfolio of the group; reimbursement of rental expenses received from P&R Holdings Ltd., a 50%-owned joint venture of the group concerned with the group's leasing of iclub Sheung Wan Hotel and iclub Fortress Hill Hotel in Hong Kong for their initial three-year terms; and the share of the fair value gain on an investment property held by the P&R Group during the year under review.
The companies will announce their financial results for the 12-month period ended Dec. 31, 2017, on March 26.
The three companies are subsidiaries of Century City Group.