HOTEL GRAND CENTRAL Reports 15.7% Year-Over-Year Increase in Revenue for Q2 2023

☀️Earnings Overview

For the quarter ending June 30 2023, HOTEL GRAND CENTRAL ($SGX:H18) reported total revenue of SGD 72.9 million, a 15.7% year-on-year increase. Net income for the same period was SGD 10.4 million, representing a 93.0% surge compared to the same period of the previous year.

Analysis

GoodWhale has conducted an analysis of HOTEL GRAND CENTRAL’s wellbeing, and according to their Risk Rating, HOTEL GRAND CENTRAL is a medium risk investment in terms of financial and business aspects. GoodWhale has detected one risk warning in the income sheet, which can be further accessed on goodwhale.com. It is essential to consider the financial and business aspects of the hotel before investing, and this analysis provides a comprehensive overview of the current state of the hotel. The analysis looks into the current income, expenses, and capital structure of the hotel, as well as any possible risks associated with its operations. GoodWhale’s Risk Rating is based on data collected from both internal and external sources, giving investors an accurate picture of the potential risks and rewards of investing in HOTEL GRAND CENTRAL. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for H18. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for H18. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for H18. More…

Key Ratios Snapshot

Some of the financial key ratios for H18 are shown below. More…

Peers

The company is headquartered in Auckland, New Zealand and was founded in 1987. The company operates a chain of hotels in New Zealand, Australia, and the United States. The company’s hotel brands include Grand Mercure, Novotel, Mercure, ibis, and ibis Styles. The company also operates a loyalty program called Le Club AccorHotels. The company’s competitors include SkyCity Entertainment Group Ltd, Hotel Royal Ltd, Millennium & Copthorne Hotels New Zealand Ltd, and AccorHotels.

– SkyCity Entertainment Group Ltd ($NZSE:SKC)

SkyCity Entertainment Group Ltd is a gaming and entertainment company based in New Zealand. The company operates casinos, hotels, restaurants, and bars in New Zealand, Australia, and Macau. SkyCity also has a stake in the Sky Tower, one of the tallest buildings in the Southern Hemisphere. The company’s market cap is 2.14B as of 2022 and its ROE is 0.19%.

– Hotel Royal Ltd ($SGX:H12)

Hotel Royal Ltd is a hotel company with a market cap of 205.63M as of 2022. The company has a Return on Equity of -0.11%. The company owns and operates hotels in the United Kingdom.

– Millennium & Copthorne Hotels New Zealand Ltd ($NZSE:MCK)

Millennium & Copthorne Hotels New Zealand Ltd is a hotel company with a market cap of 197.25M as of 2022. The company operates a number of hotels in New Zealand, including the Millennium, Copthorne, and Grand Millennium hotels. The company has a Return on Equity of 6.89%.

Summary

HOTEL GRAND CENTRAL has performed exceptionally well in the quarter ending June 30 2023, with total revenue increasing 15.7% year-over-year to SGD 72.9 million and net income increasing 93.0% to SGD 10.4 million from the same period in the previous year. This indicates a strong operational performance, and investors should be encouraged by the robust profitability of the company. The strong growth in revenue and income should bolster confidence in HOTEL GRAND CENTRAL’s future prospects and indicate to investors that this is a company worth investing in.