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JMHLY Jardine Matheson Holdings Ltd (PK)

36.52
-0.06 (-0.16%)
13 Sep 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
  -0.06 -0.16% 36.52 36.27 36.79 36.80 36.27 36.50 20,032 21:00:47

Mandarin Oriental Reports Stable Trading Since January

07/05/2014 1:22pm

Dow Jones News


Jardine Matheson (PK) (USOTC:JMHLY)
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By Razak Musah Baba

Mandarin Oriental International Ltd (M04.SG), an operator of luxurious hotels, resorts and residences, Wednesday said trading across the group during the period from Jan. 1 to May 6 was broadly stable.

In Asia, the results of the Hong Kong and Singapore hotels remained steady, while Bangkok continued to be affected by challenging conditions.

The company said Europe benefited from further stabilization of its Paris hotel and improvement in Geneva, which more than offset softer demand in London.

"In The Americas, while the majority of hotels increased their average rates, the overall performance was impacted by lower demand in Washington when compared to the same period last year, which included the 2013 Presidential Inauguration", the company said.

Mandarin Oriental International Group's financial position remains healthy, with net debt remaining in line with that reported at Dec. 31, 2013.

Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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