By Rory Gallivan
LONDON--Hotel group Mandarin Oriental International Ltd.
(M04.SG) Thursday reported a fall in interim net profit and said
its full year performance may be influenced by challenging
conditions in Thailand and other markets.
Net profit for the half year ended June 30 fell 15% from the
previous year to $45.6 million from $56.8 million and revenue was
up 1% to $671.4 million.
"The results of the hotel in Bangkok were negatively impacted by
the ongoing political uncertainty, and there were weaker
performances in Jakarta and Manila," the company said.
"In Europe, further progress was made in the Paris hotel, which
together with an improved performance in Geneva offset softer
demand in London and Munich," it continued, adding that the results
in the U.S. were affected by lower demand in Washington DC
following a strong performance the previous year due to President
Obama's Inauguration.
Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
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