Mandarin Oriental International Ltd Interim Management Statement (7372O)
November 09 2016 - 4:11AM
UK Regulatory
TIDMMDO TIDMJAR TIDMJDS
RNS Number : 7372O
Mandarin Oriental International Ltd
09 November 2016
To: Business Editor For immediate release
The following announcement was issued today to a Regulatory
Information Service approved by the Financial Conduct Authority in
the United Kingdom.
MANDARIN ORIENTAL INTERNATIONAL LIMITED
Interim Management Statement
9th November 2016 - Mandarin Oriental International Limited has
today issued an Interim Management Statement for the third quarter
of 2016.
Earnings during the period were lower than in 2015 as weaker
demand continued to affect the Group's key destinations of Hong
Kong, London and Paris. Elsewhere, improved performances in Tokyo
and Munich offset declines in Jakarta and Washington D.C. The Group
expects the challenging trading conditions to continue for the
remainder of the year.
In September, Mandarin Oriental Hyde Park, London commenced its
18 month phased renovation.
At 30th September 2016, net debt and gearing were in-line with
that which was reported at the half year.
Mandarin Oriental Hotel Group is an international hotel
investment and management group with deluxe and first class hotels,
resorts and residences in sought-after destinations around the
world. Having grown from its Asian roots into a global brand, the
Group now operates 29 hotels and eight residences in 19 countries
and territories, with each property reflecting the Group's oriental
heritage and unique sense of place. Mandarin Oriental has a strong
pipeline of hotels and residences under development, with the next
hotel opening planned in Doha. Mandarin Oriental International
Limited is incorporated in Bermuda and has a standard listing on
the London Stock Exchange as its primary listing, with secondary
listings in Bermuda and Singapore. It is a member of the Jardine
Matheson Group.
- end -
For further information, please contact:
Mandarin Oriental Hotel Group International Limited
Hamish Ross (852) 2895 9288
Sally de Souza (852) 2895 9167
Brunswick Group Limited
Susan Ho (852) 3512 5069
This and other Group announcements can be accessed through the
internet at 'www.mandarinoriental.com'.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DOCKKLBBQFFBFBK
(END) Dow Jones Newswires
November 09, 2016 04:11 ET (09:11 GMT)
Mandarin Oriental Intern... (LSE:MDO)
Historical Stock Chart
From Apr 2024 to May 2024
Mandarin Oriental Intern... (LSE:MDO)
Historical Stock Chart
From May 2023 to May 2024