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South Shore reports annual revenues up 16 percent


South Shore Holdings has reported to the Hong Kong Stock Exchange that its revenues for the year ending March 31, 2020, amounted to nearly HK10.9 billion (US$1.4 billion), a figure that was up 16 percent over the previous year.

Nevertheless, the firm recorded losses of about HK$84 million.

South Shore is a hospitality, entertainment, and construction group responsible for its 100 percent owned The 13 Hotel in Cotai.

In the company’s hotel segment, revenue of hotel rooms and F&B was approximately HK$17 million and HK$12 million respectively. There was segment loss of approximately HK$994 million for the year.

The 13 Hotel temporarily suspended operations in February due to the Covid-19 pandemic and has remained closed since that time.

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