earnings
confidence high
sentiment negative
materiality 0.65
Kennedy-Wilson Europe Real Estate reports H1 2023 net loss of £28.4M, revenue up to £81.1M
Kennedy-Wilson Holdings, Inc.
2023-Q2 EPS reported
-$0.01
revenue$278,700,000
- Revenue £81.1M vs £71.1M YoY; hotel revenue doubled to £21.1M.
- Net loss after tax £28.4M vs profit £6.5M YoY; driven by £53.2M fair value loss on investment property.
- Net finance expense £16.4M (£13.6M); share of profit from equity investees £14.8M (£9.8M).
- Cash & equivalents £78.7M at June 30, down from £211.6M at Dec 2022; cash used in financing £158.7M.