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Shangri-La Asia Extends Management Deal
Yamato: Reiterates Shangri-La (Asia) (00069) “Buy” Rating Target Price Reduction to HK$8.5
Shangri-La (Asia) management is confident that RevPAR's growth will drive EBITDA profit margins and promised to increase the Group's RMB loan exposure from 25% in the second half of 2023 to 50% in 2024.
Shangri-La Asia Reverses Previous Losses With FY2023 Earnings of US$184.1 Mil
SINGAPORE (March 22): Shangri-La Asia has reported a net profit attributable to owners before non-operating items of US$129.0 million (S$174.1 million) for its financial year ended Dec 31, 2023 (FY2023), reversing its loss of US$161.6 million in FY2022.
Shangri-La (Asia) (00069.HK): Consolidated revenue of US$2.142 billion in 2023 increased 46.5% year-on-year
Gelonghui, March 22丨Shangri-La (Asia) (00069.HK) announced the final results of 2023. The consolidated revenue for the year ended December 31, 2023 was US$2,141.8 billion, an increase of 46.5% over the previous year. Actual accrued revenue was US$2,769.2 billion, up 44.6% year over year. The recovery in the hotel business was mainly driven by mainland China and Hong Kong after the blockade was lifted in early 2023, while hotels in other parts of the world continued to experience strong travel demand. The actual profit due in 2023 before interest, taxes, depreciation, amortization and non-operating items was 8.
Shangri-La (Asia) (00069) announced annual results. Profit attributable to shareholders of US$184 million turned the year-on-year loss to final profit of HK15 cents per share
Shangri-La (Asia) (00069) announced results for the year ended December 31, 2023, and the group achieved...
SHANGRI-LA ASIA: 2023 Final Results Announcement
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