Brief: Shangri-La Asia Posts FY Loss Attributable From Operating Items Of $161.6 Mln

Shangri-La Asia

24/03/2023 09:23

March 24 (Reuters) - Shangri-La Asia Ltd  0069.HK :
    * FY LOSS ATTRIBUTABLE OPERATING ITEMS US$161.6 MILLION
VERSUS
LOSS OF US$193.2 MILLION
    * FY CONSOL REVENUE US$1,462.1 MILLION VERSUS US$1,241.0
MILLION
    * CAUTIOUSLY OPTIMISTIC ABOUT RECOVERY OF BUSINESS AND
TURNAROUND
OF PROFITABILITY
    * CHINA IS LAST OF OUR MAJOR MARKETS TO REOPEN, AND WE HAVE
SEEN
AN IMMEDIATE SURGE IN DEMAND
    * REVPAR IN MANY OF MAINLAND CHINA HOTELS DURING 2023
CHINESE NEW
YEAR FESTIVE PERIOD WERE HIGHER THAN THOSE OF 2019
    * WITH CHINA OUTBOUND TRAVEL PICKING UP AGAIN, WE ARE
OPTIMISTIC
GOING FORWARD

Further company coverage:  0069.HK 

 ((Reuters.Briefs@thomsonreuters.com;))