Monday, October 18, 2021
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The 13 Hotel, Macau

South Shore 2018 loss balloons

South Shore Holdings, the owner of the ultra high-end The 13 hotel in Macau, said its loss for the year to end March increased by about three times due to a gain in impairment losses on hotel assets, hotel operating expenses and depreciation charges.

Amax sees “obvious increase” in FY2019 loss

Amax International said it expected to report an “obvious increase” in its loss for the year to end-March 2019, although it stressed the shortfall is due to one-off impairments that don’t affect the cash flow of the business.

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