Shin Hwa World expects to narrow net loss by up to 35%

The operator of Jeju Shinhwa World said lower operating costs, reduced depreciation and higher property valuations are likely to help cut losses.

Hong Kong.- Hong Kong-listed Shin Hwa World Ltd has said that it expects to reduce its consolidated net loss for 2025 by 20 to 35 per cent compared with the previous year. A profit alert issued by the company anticipates the result of lower operating expenses, the absence of certain non-recurring costs and reduced amortisation and depreciation.

The group also cited an increase in the fair value of its investment properties. However, the is still assessing whether an impairment loss on intangible assets will need to be recognised. Should that happen, it it still expects its consolidated net loss to decline within the projected range.

The firm is the parent company of Jeju Shinhwa World, an integrated resort located on South Korea’s holiday island of Jeju. The complex includes a foreigner-only casino as well as hotels, entertainment venues and convention facilities.

The company expects to publish the 2025 financial results in late March in line with exchange rules requiring annual results to be released before the end of the first quarter. In 2024, the loss attributable to the parent’s owners reached HKD494.1m (US$63.2m).

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The operator of Jeju Shinhwa World said lower operating costs, reduced depreciation and higher property valuations are likely to help cut losses. Hong Kong.- Hong Kong-listed Shin Hwa World Ltd has said that it expects to reduce its consolidated net loss for 2025 by 20 to 35 per cent compared with the previous year. A…