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Shangri-La Asia Ltd Comments On H1 2013 Earnings Guidance

Monday, 29 Jul 2013 05:56am EDT 

Shangri-La Asia Ltd announced that, based on the preliminary assessment with reference to the financial information available, the Board anticipates that the Group will record a material decline in profit (before the effect of investment properties revaluation adjustments) in the consolidated financial results for the first half of 2013 as compared with for the first half of 2012. The anticipated decline in profit is largely attributable to the decline in the operating profits of the Group’s hotels in Mainland China, and increase in pre-opening expenses for hotels opened and opening in fiscal 2013 and in net interest costs following increased drawdown on borrowing facilities. 

Company Quote

0.1 +0.84%
23 Jul 2014