Altai Palace reports 3.3% revenue growth and lower net profit
Altai Palace reported revenue of more than $15 million, up 3.3% year on year, while net profit fell almost 5% and gross profit declined 0.1%. The operator attributed the slower growth to economic and geopolitical factors, reportedly including sanctions, capital-market uncertainty and a weakening rouble.
Investors and developers can weigh Altai Palace’s modest revenue growth against falling profit measures and reported headwinds.