Formosa International Hotels Corp (FIH, 晶華國際酒店集團) yesterday announced plans to distribute cash dividends of NT$11.38 per share, higher than the earnings per share of NT$11.11 it made last year.
The company, which owns the Regent Taipei (台北晶華酒店), Silks Place (晶英酒店) and Just Sleep Hotel & Resort (捷絲旅) brands, reported net income of NT$1.53 billion (US$48.7 million) for last year, a sharp improvement of 50.31 percent from 2022.
FIH attributed the growth to sturdy beverage and food sales, as guest room revenue performed poorly due to a decrease in foreign arrivals.
Photo courtesy of Formosa International Hotels Corp
The company expects its food and beverage business to thrive in the first half of the year on the back of business gatherings, national holidays and trade shows, and plans to boost guest room and dining revenues in the second half of the year with assorted promotion packages and by collaborating with tourism partners, it said.
Meanwhile, My Humble House Hospitality Management Consulting Co (寒舍餐旅) last week reported a record net income of NT$414 million for last year, or earnings per share of NT$4.52.
My Humble House, which operates Le Meridien Taipei (台北寒舍艾美酒店), Sheraton Grand Taipei Hotel (台北喜來登大飯店) and Mu Jiaosi Hotel (礁溪寒沐), said it registered double-digit gains in room occupancy and food sales last year.
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