Hotels, Restaurants and Leisure
Company Overview of Shangri-La Asia Limited
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,...
683 King’s Road
Founded in 1971
Key Executives for Shangri-La Asia Limited
Chairman, Chief Executive Officer, Chairman of Executive Committee, Chairman of Nomination Committee and Member of Remuneration Committee
Total Annual Compensation: $2.3M
Chief Financial Officer, Executive Director and Member of Executive Committee
Total Annual Compensation: $1.9M
Chief Operating Officer, Executive Director, Chief Executive Officer of Shangri-La International Hotel Management Limited and President of Shangri-La International Hotel Management Limited
Total Annual Compensation: $2.2M
Deputy Chairman and Member of Executive Committee
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2014.
Shangri-La Asia Limited Key Developments
Shangri-La Asia Limited Appoints LEE Kai-Fu as Independent Non-Executive Director
Nov 18 15
The board of directors of Shangri-La Asia Limited announced that Dr. LEE Kai-Fu has been appointed an Independent Non-executive Director of the company. The appointment took effect from 18 November 2015. Dr. LEE, founder of Innovation Works (China). He is currently its chairman and CEO. He was previously President of Google Greater China, Corporate Vice President of Microsoft Corp. and Founder & Managing Director of Microsoft Research Asia (China), and Vice President of Silicon Graphics Inc.
Shangri-La Asia Limited Announces Unaudited Consolidated Cash Flows Results for the Six Months Ended June 30, 2015
Sep 22 15
Shangri-La Asia Limited announced unaudited consolidated cash flows results for the six months ended June 30, 2015. For the period, the company reported cash flows from operating activities of $43,689,000 compared with $56,699,000 for the same period a year ago. Purchases of property, plant and equipment, investment properties and land use rights were $309,192,000 compared with $380,369,000 for the same period a year ago.
Shangri-La Asia Limited Announces Consolidated Unaudited Earnings Results for the Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year of 2015
Aug 26 15
Shangri-La Asia Limited announced consolidated unaudited earnings results for the six months ended June 30, 2015. For the period, the company reported sales of $1,023,729,000 compared with $1,011,966,000 for the same period a year ago. Operating profit was $56,838,000 compared with $103,758,000 for the same period a year ago. Profit before income tax was $173,978,000 compared with $136,833,000 for the same period a year ago. Profit attributable to equity holders of the company was $98,381,000 or 2.756 cents per diluted share compared with $76,184,000 or 2.439 cents per diluted share for the same period a year ago.
The company provided earnings guidance for the full year of 2015. Given the significant impact of the hotel portfolio on the overall operating results of the Group and the recent depreciation of the Renminbi, the Group's operating profits are expected to be materially lower than those of the previous year.
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