Formosa International Hotels Corp (FIH, 晶華國際酒店集團) yesterday posted NT$295 million (US$10.53 million) in net income for last quarter, up 87.27 percent from a year earlier as properties across Taiwan largely rebounded from the COVID-19 pandemic.
The figures are the best showing in five quarters and translated into earnings per share of NT$2.11, FIH said after a board meeting.
The virus outbreak was well under control last quarter, allowing business to pick up at the Regent Taipei (台北晶華酒店), Silks Place Tainan (台南晶英酒店), Silks Place Taroko (太魯閣晶英酒店) in Hualien County and Wellspring by Silks (晶泉丰旅) in Yilan County’s Jiaosi Township (礁溪), it said.
Photo courtesy of Formosa International Hotels Corp
FIH-owned Domino’s Pizza’s revenue and profit also gained, it said.
Consolidated revenue totaled NT$1.55 billion, rising 13.62 percent year-on-year due partly to a low base last year, when the pandemic wreaked havoc on hotels, restaurants and tourism-related sectors, it said.
The group’s Just Sleep brand next month is to launch a soft opening of a new outlet at Ten Drum Culture Village (十鼓仁糖文創園區) in Tainan, increasing the groups total properties in Taiwan to 15.
The company this year is to boost its presence in Vietnam, Indonesia and China to take advantage of an expected boom in international travel from the second half.
Separately, luxury hotel operator My Humble House Hospitality Management Consulting Co (寒舍餐旅) reported a net loss of NT$75.58 million for the first quarter, narrowing from a loss of NT$194.27 million a year earlier. Losses per share were NT$0.68.
A boom in domestic tourism accounted for the improvement, My Humble House said, adding that restaurant revenue jumped 23.69 percent year-on-year.
The group, whose facilities including Le Meridien Taipei (台北寒舍艾美酒店), Humble House Taipei (寒舍艾麗) and Sheraton Grand Taipei Hotel (台北喜來登大飯店), is seeking to woo customers during the summer vacation through discount offers for its hotels and restaurants.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
Intel Corp yesterday reinforced its determination to strengthen its partnerships with Taiwan’s ecosystem partners including original-electronic-manufacturing (OEM) companies such as Hon Hai Precision Industry Co (鴻海精密) and chipmaker United Microelectronics Corp (UMC, 聯電). “Tonight marks a new beginning. We renew our new partnership with Taiwan ecosystem,” Intel new chief executive officer Tan Lip-bu (陳立武) said at a dinner with representatives from the company’s local partners, celebrating the 40th anniversary of the US chip giant’s presence in Taiwan. Tan took the reins at Intel six weeks ago aiming to reform the chipmaker and revive its past glory. This is the first time Tan
RSS