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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 |
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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