shangri-la asia ltd spon adr (SHALY) Key Developments
Shangri-La to Launch New Business Hotel Brand in Orchard Road
Aug 22 14
Shangri-La will launch its new business hotel brand in Orchard Road in September 2014. Hotel Jen Orchardgateway, the first hotel under the Jen brand, will open for business on September 17, 2014.
Shangri-La Asia Limited Declares Interim Dividend for the Six Months Ended June 30, 2014, Payable on October 07, 2014; Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014
Aug 20 14
Shangri-La Asia Limited announced that its Board declared an interim dividend of 6 cents per share for the six months ended June 30, 2014 compared to 8 cents per
share paid a year ago. This dividend is payable on October 07, 2014, to shareholders whose names appear on the registers of members of the company on 25 September 2014.
The company reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the six months, the company reported sales of USD 1,011,966,000 compared to sales of USD 1,006,587,000 for the same period a year ago. Operating profit was USD 103,758,000 compared to USD 135,676,000 last year. Profit before income tax was USD 136,833,000 compared to USD 296,210,000 last year. Profit was USD 86,351,000 compared to USD 235,693,000 last year. Profit attributable to equity holders of the company was USD 76,184,000 or 2.439 cents per diluted share compared to USD 215,266,000 or 6.893 cents per diluted share last year. Earnings before interest expenses, tax, depreciation, amortization and non-operating items (EBITDA) of the group for the current period decreased by USD 15.9 million to USD 265.1 million due to additional pre-opening expenses of USD 6.0 million and additional net foreign exchange losses of USD 18.1 million as compared to the same period last year. Net assets per share attributable to the company's equity holders were USD 2.00 as on June 30, 2014. Net assets (total equity) per share were USD 2.17 as on June 30, 2014. Annualized return on equity was 2.4% compared to 7.1% last year.
Shangri-La Hotels and Resort Opens Hotel in Tianjin, China
Aug 12 14
Shangri-La Hotels and Resorts has opened hotel in Tianjin, China. Shangri-La Hotel, Tianjin caters to both business and leisure guests with an unmatched range of facilities and a convenient location five minutes from the city's central business district (which lies just over Baoding Bridge) and 10 minutes from the Tianjin Railway Station. Rooms range from 48-square-metre Deluxe River View Room, to the 240-square-metre Shangri-La Suite. In addition to its guestrooms, the hotel offers 39 serviced apartments. The hotel is fully integrated within Tianjin Kerry Centre and is connected to the River View Place shopping mall, which houses multiple dining and entertainment venues and Shangri-La and Kerry's Adventure Zones for kids.
Shangri-La Asia Limited to Report First Half, 2014 Results on Aug 20, 2014
Aug 7 14
Shangri-La Asia Limited announced that they will report first half, 2014 results on Aug 20, 2014
Shangri-La Asia Limited, Board Meeting, Aug 20, 2014
Aug 7 14
Shangri-La Asia Limited, Board Meeting, Aug 20, 2014. Agenda: To approve the release of the interim results of the company and its subsidiaries for the six months ended June 30, 2014; and to consider the payment of an interim dividend, if applicable.