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Shangri-La Asia Reports 2024 Financial Results with Mixed Performance

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Shangri-La Asia Reports 2024 Financial Results with Mixed Performance

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Shangri-La Asia ( (HK:0069) ) has provided an announcement.

Shangri-La Asia Limited announced its financial results for the year ended December 31, 2024, reporting a 2.0% increase in consolidated revenue to USD 2,185.4 million. However, the company experienced a decline in its effective share of revenue and EBITDA, primarily due to a significant drop in Property Development for Sale revenue and increased operating expenses in its hotel operations. The company’s profit attributable to owners decreased by 12.3% to USD 161.4 million, influenced by reduced non-operating gains, despite tax savings and favorable exchange gains.

More about Shangri-La Asia

Shangri-La Asia Limited is a company incorporated in Bermuda with limited liability, primarily operating in the hospitality industry. It focuses on hotel operations, property development, and investment, with a significant presence in Asia.

YTD Price Performance: -9.10%

Average Trading Volume: 1,100

Technical Sentiment Signal: Buy

Current Market Cap: $2.17B

Find detailed analytics on 0069 stock on TipRanks’ Stock Analysis page.

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