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Hong Kong and Shanghai Hotel net profit drops 12.7pc to HK$1b amid tourist decline

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Peninsula hotel chain owner Hongkong and Shanghai Hotels said on Wednesday that net profit for 2015 declined due to lower tourist flows and the closure of two flagship hotels. The company said net profit dropped 12.7 per cent to HK$1 billion from HK$ 1.146 billion in 2014. Underlying profit attributable to...

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