Mandarin Oriental Says Positive Trading Continues
November 06 2013 - 5:00AM
Dow Jones News
LONDON--Mandarin Oriental International Ltd. (MO4.SG), said
Wednesday that trading momentum continued to be positive for the
Group during the period from July 1 to Nov 5.
MAIN FACTS:
-Results from its Asian hotels remained steady, while in Europe
earnings benefited from further stabilization of the Paris
hotel.
-In The Americas, increased demand led to improved performance
across the portfolio.
-Mandarin Oriental's balance sheet remains strong, with net debt
at Oct. 31, largely unchanged from that reported at the half
year.
-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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