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
Shangri-La Asia Limited Proposes Final Dividend for the Year Ended December 31, 2014, Payable on June 11, 2015
Apr 24 15
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.
Shangri-La Asia Limited Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2014
Apr 24 15
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.