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April 25, 2015 8:19 PM ET

Hotels, Restaurants and Leisure

Company Overview of Shangri-La Asia Limited

Company Overview

Shangri-La Asia Limited, an investment holding company, owns and operates hotels and associated properties worldwide. It operates through three segments: Hotel Ownership, Hotel Management Services, and Property Rentals. The company also provides hotel management, marketing, consultancy, reservation, and related services; and owns and leases office properties, commercial properties, and serviced apartments/residences. In addition, it is involved in real estate development and operation activities; the ownership and operation of golf clubs; and property investment and office management activities. The company operates hotels under the Shangri-La, Hotel Jen, Traders, Kerry, Rasa, Summer Palace,...

Kerry Centre

28th Floor

683 King’s Road

Quarry Bay,  

Hong Kong

Founded in 1971

Phone:

852 2525 9146

Fax:

852 2523 8842

Key Executives for Shangri-La Asia Limited

Chairman, Chief Executive Officer, Chairman of Executive Committee, Chairman of Nomination Committee and Member of Remuneration Committee
Age: 59
Total Annual Compensation: $1.0M
Chief Financial Officer, Executive Director, Member of Executive Committee and Member of Nomination Committee
Age: 62
Total Annual Compensation: $2.0M
Chief Operating Officer, Executive Director, Chief Executive Officer of Shangri-La International Hotel Management Limited and President of Shangri-La International Hotel Management Limited
Age: 49
Total Annual Compensation: $2.3M
Executive Director and Member of Executive Committee
Age: 70
Total Annual Compensation: $1.6M
Compensation as of Fiscal Year 2013.

Shangri-La Asia Limited Key Developments

Shangri-La Asia Limited Proposes Final Dividend for the Year Ended December 31, 2014, Payable on June 11, 2015

At a meeting held on March 25, 2015, the Board of Shangri-La Asia Limited proposed a final dividend of 6 cents per ordinary share for the year ended December 31, 2014 compared to 4 cents per share for the same period last year. The dividend is payable on June 11, 2015 with record date of June 2, 2015.

Wong Kai Man to Retire as Director of Shangri-La Asia Limited

Shangri-La Asia Limited announced Mr. WONG Kai Man has informed the Board that he would not offer himself for re-election and accordingly will retire as Director at the close of the Annual General Meeting.

Shangri-La Asia Limited Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2014

Shangri-La Asia Limited announced audited consolidated earnings results for the year ended December 31, 2014. For the year, the company reported revenue of USD 2,111,584,000 against USD 2,081,081,000 a year ago. Operating profit was USD 224,574,000 against USD 239,530,000 a year ago. Profit before income tax was USD 314,566,000 against USD 550,987,000 a year ago. Profit for the year was USD 207,495,000 against USD 441,116,000 a year ago. Profit attributable to equity holders of the company was USD 180,889,000 or 5.77 cents per diluted share against USD 392,298,000 or 12.56 cents per diluted share a year ago. EBITDA was USD 542,000 against USD 572,000 a year ago. Net assets per share attributable to the company's equity holders were USD 1.93 against USD 2.02 a year ago. Net cash inflow from operating activities was USD 348,108,000 against USD 383,038,000 a year ago. Purchase of property, plant and equipment was USD 164,708,000 against USD 138,612,000 a year ago. Expenditure on properties under development was USD 671,845,000 against USD 455,523,000 a year ago. Purchase of leasehold land and land use rights was USD 55,000 compared to USD 1,202,000 a year ago. Capital expenditure on investment properties was USD 34,062,000 compared to USD 94,447,000 a year ago. Net debt as at December 31, 2014 was USD 3,663,631,000 compared to USD 3,717,986,000 a year ago.

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