Huazhu Group Records a CNY 2.14 Billion Loss in 2020Q1

Consumer Staples Jul 01, 2020 04:57 PM (GMT+8) · EqualOcean

Revenue reached CNY 2.01 billion, up 15.7% year-on-year; the loss was CNY 2.14 billion, and the company saw a profit of CNY 100 million over the same period last year. Huazhu expects second-quarter revenue to decrease by 34% to 37% year-on-year.

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