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Shangri-La Asia's Profit Slides 12% in 2024
SHANGRI-LA ASIA (00069.HK) reported a 12.3% decline in net profit for the year 2024, amounting to 0.1614 billion USD, with a final dividend of 10 Hong Kong cents.
On March 27, GLORY HOLDINGS announced the annual results of SHANGRI-LA ASIA (00069.HK). For the year ending December 31, 2024, the group's consolidated revenue was 2.1854 billion USD, a year-on-year increase of 2.0%; profit attributable to the owners of the company was 0.1614 billion USD, a year-on-year decrease of 12.3%, with earnings per share of 4.54 cents. The Board of Directors proposed a final dividend of 10 Hong Kong cents per ordinary share for 2024. For the year ending December 31, 2024, the consolidated revenue from hotel operations was 2.042 billion USD, a year-on-year increase of 1.0%. The investment property business continues to provide.