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city e-solutions ltd (557) Snapshot

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city e-solutions ltd (557) Details

City e-Solutions Limited, an investment holding company, provides hospitality related services in Hong Kong and the United States. It primarily offers hotel management services, including annual business planning, operations improvement, sales and marketing consultancy, revenue and channel management, management of franchise affiliation, human resources management, accounting and budgeting, and asset management services; reservations connectivity; online channel marketing; and revenue/channel management services. The company also provides purchasing and procurement services; risk management and insurance services; and consulting, technology, and e-commerce services for hotels, as well as owns and manages hotels. It operates approximately 25 hotels representing 4,600 rooms with franchise licenses under Hilton, Starwood, InterContinental, Marriott, Hyatt, and Choice International brands. The company, formerly known as CDL Hotels International Ltd, is based in Wanchai, Hong Kong. City e-Solutions Limited is a subsidiary of City Developments Limited.

119 Employees
Last Reported Date: 03/16/15

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city e-solutions ltd (557) Key Developments

City e-Solutions Limited Announces Demise of Kwek Leng Joo, Executive Director

The Board of Directors of City e-Solutions Limited announced that Mr. Kwek Leng Joo, an Executive Director of the company, passed away on 16 November 2015 as a result of a sudden heart attack.

City E-Solutions Limited Announces Unaudited Consolidated Financial Results for the Nine Months Ended September 30, 2015

City e-Solutions Limited announced unaudited consolidated financial results for the nine months ended September 30, 2015. For the period, the company reported turnover was HKD 70,621,000 compared to HKD 76,773,000 for the same period a year ago. Loss from operating activities was HKD 35,359,000 compared to HKD 16,269,000 for the same period a year ago. Loss before taxation was HKD 36,319,000 compared to HKD 15,270,000 for the same period a year ago. Loss attributable to equity shareholders of the company was HKD 29,753,000 or 7.78 cents compared to HKD 12,584,000 or 3.29 cents for the same period a year ago, due mainly to the unrealized valuation losses from the group's securities holding as at 30 September 2015.

City E-Solutions Limited Provides Earnings Guidance for the Nine Months Ended September 30, 2015

City e-Solutions Limited provided earnings guidance for the nine months ended September 30, 2015. The company expects to record a pre-tax loss of about HKD 36 million for the nine months ended 30 September 2015 subject to the finalisation and necessary adjustments to the financial statements of the Group. The Board considers that the pre-tax loss was mainly attributable to the net unrealised losses arising from fair value readjustments of the Group's trading securities as at reporting date.


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