LONDON--Hotel operator Mandarin Oriental International Ltd.
(M04.SG) Thursday posted a 91% rise in net profit for the first
half of the year, and said that it remains in a strong competitive
and financial position.
MAIN FACTS:
-Net profit for six months ended June 30 amounted to 56.8
million U.S. dollars, compared with $29.7 million in the year ago
period.
-Pretax profit $66.5 million versus $38.5 million.
-Adjusted pretax profit $63.4 million versus $37.0 million.
-EBITDA $110.3 million versus $81.4 million.
-Underlying EBITDA $107.2 million versus $79.9 million.
-Revenue $327.2 million versus $313.6 million.
-Net asset value per share $0.94 versus $0.90.
-Diluted earnings per share 5.66 cents versus 2.97 cents.
-Adjusted diluted 5.35 cents versus 2.82 cents.
-Maintains dividend at 2 cents per share.
-New hotels opened in Guangzhou and Shanghai.
-Hotel project in Istanbul announced.
-Within the next 18 months, four new hotels are scheduled to
open in Taipei, Marrakech, Bodrum and Beijing.
-Write to Tapan Panchal at tapan.panchal@wsj.com
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