miramar hotel & investment (71) Snapshot

Miramar Hotel and Investment Company, Limited at the AGM approved to declare final dividend of 25 Hong Kong cents per share.

Miramar Hotel and Investment Company, Limited reported audited consolidated earnings results for the year ended December 31, 2012. For the period, the company reported net cash generated from operating activities of HKD 591,835,000 against HKD 218,531,000 a year ago. Payment for purchase of other fixed assets was HKD 47,000,000 against HKD 193,264,000 a year ago. Payment for purchase of investment properties was HKD 3,464,000 against HKD 301,000 a year ago. The company’s EBITDA rose by 40% to HKD 35,500,000 in 2012.

Miramar Hotel and Investment Company, Limited announced consolidated earnings results for the year ended December 31, 2012. For the year, the company reported turnover of HKD 2,973,859,000 against HKD 2,495,924,000 a year ago. Profit before taxation was HKD 1,515,563,000 against HKD 1,409,373,000 a year ago. Profit for the year attributable to shareholders of the company was HKD 1,377,111,000 or HKD 2.39 basic and diluted per share against HKD 1,325,310,000 or HKD 2.30 basic and diluted per share a year ago. The company announced that the board of directors recommends the payment of a final dividend of 25 cents per share in respect of the year ended December 31, 2012 to shareholders listed on the register of members at the close of business on June 17, 2013. Subject to the approval to be obtained at the AGM, the dividend warrants for the proposed final dividend will be despatched by mail to shareholders on or about June 27, 2013.