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JMHLY Jardine Matheson Holdings Ltd (PK)

35.40
-0.03 (-0.08%)
09 Aug 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Jardine Matheson Holdings Ltd (PK) USOTC:JMHLY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.03 -0.08% 35.40 34.15 37.05 35.73 34.81 35.2825 24,437 21:30:09

Mandarin Oriental First-Half Profit Falls

31/07/2014 11:06am

Dow Jones News


Jardine Matheson (PK) (USOTC:JMHLY)
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By Tapan Panchal

Hotel operator Mandarin Oriental International Ltd. (M04.SG) Thursday reported a 20% fall in first-half net profit, primarily due to challenging conditions in certain of its operating markets.

"While Mandarin Oriental's full-year performance may be influenced by challenging conditions in certain markets, the group should continue to benefit from its strong competitive and financial position," Chairman Ben Keswick said.

For the six months ended June 30, the company reported a net profit attributable to shareholders of the company of US$45.6 million, down from US$56.8 million in the year-earlier period. Revenue for the period totaled US$341 million against US$327.2 million.

Net asset value a share for the period rose 5% to US$0.99 from US$0.94.

Mandarin Oriental has maintained its interim dividend payment at 2 cents a share.

Write to Tapan Panchal at tapan.panchal@wsj.com

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