BTG Hotels Co., Ltd. Provides Earnings Guidance for the Year 2017
January 30, 2018
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BTG Hotels (Group) Co., Ltd. provided earnings guidance for the year 2017. According to preliminary statistics of its financial department, the company predicts that the net profit belonging to shareholders of the listed company in 2017 will increase by between RMB 392.06 million and RMB 434.06 million with an increase of between 185.9% and 205.8% compared with the same period of the year before (based on the disclosed statistics according to relevant regulations). The company predicts that the net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss in 2017 will increase by between RMB 419.72 million and RMB 469.72 million with an increase of between 288.9% and 323.3% compared with the same period of the year before (based on the disclosed statistics according to relevant regulations). The company predicts that the earnings per share belonging to shareholders of the listed company in 2017 will be between RMB 0.7392 and RMB 0.7907, which is expected to increase by between RMB 0.1395 and RMB 0.1910 with an increase of between 23.3% and 31.8% compared with RMB 0.5997 at the same period of the year before after reiteration.
BTG Hotels (Group) Co., Ltd. is a China-based company mainly engaged in the operation and management of hotels. The Company mainly operates through two business segments: the Hotel Businesses segment and the Scenic Businesses segment. The hotel operation businesses mainly include the operation of hotels and the leasing of hotel properties. The hotel management businesses mainly include the brand franchise and other franchise businesses. The Company mainly operates brands of Home Inn, Motel, Fairyland, among others.