Brief: Shangri-La Asia HY Revenue US$453.5 Million

Shangri-La Asia

28/08/2020 10:27

Aug 28 (Reuters) - Shangri-La Asia Ltd  0069.HK :
    * HY REVENUE US$453.5 MILLION VERSUS US$1,195.0 MILLION
    * HY LOSS ATTRIBUTABLE BEFORE NON-OPERATING ITEMS US$255.4
MILLION
VERSUS PROFIT OF US$64.2 MILLION
    * AT 30 JUNE, GROUP HAD CASH AND CASH EQUIVALENT OF $952
MILLION
AND COMMITTED UNDRAWN FACILITIES OF $1.2 BILLION
    * PREPARED FOR RECOVERIES WHERE PANDEMIC ARE UNDER CONTROL,
LIKE
IN IN MAINLAND CHINA, AND MALAYSIA AND AUSTRALIA.
    * MAINLAND CHINA JUNE OCCUPANCY RECOVERING TO 35%, HELPING
HOTELS
IN REGION ACHIEVE EBITDA BREAKEVEN FOR 1ST TIME SINCE FIRST
OUTBREAK
    * IF RECOVERY MOMENTUM CONTINUES, CO MAY BE ABLE TO HAVE A
POSITIVE CASH FLOW FROM REGION FOR FY

Source text for Eikon:  ID:nHKS4WZc9P 
Further company coverage:  0069.HK 

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