Shangri-La Asia ( (SHALF) ) has released its Q4 earnings. Here is a breakdown of the information Shangri-La Asia presented to its investors.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Shangri-La Asia Limited is a Bermuda-incorporated company primarily engaged in the development, ownership, and operation of hotel properties, hotel management, investment properties, and property development for sale, with a significant presence in Asia Pacific, Europe, and Africa.
In its 2024 earnings report, Shangri-La Asia Limited announced a consolidated revenue increase of 2% to USD 2,185.4 million, despite a challenging environment. However, the company’s effective share of revenue and EBITDA saw declines of 4.2% and 13.0%, respectively, largely due to reduced performance in its Property Development for Sale segment.
Key financial metrics revealed a decrease in profit attributable to owners by 12.3% to USD 161.4 million, with earnings per share dropping by 12.2%. The company’s hotel operations showed mixed results, with some regions like Hong Kong and the Philippines experiencing recovery, while Mainland China and Singapore faced challenges. Investment properties showed resilience, particularly in Sri Lanka and Mongolia, contributing to a 16.2% revenue increase in this segment.
Despite the downturn in some areas, Shangri-La Asia Limited’s management remains focused on strategic refinancing initiatives, including Renminbi debt refinancing, which has diversified funding sources and reduced borrowing costs. The company also maintains a strong liquidity position, ensuring flexibility for future growth and stability.
Looking ahead, Shangri-La Asia Limited aims to navigate the current economic landscape by leveraging its diversified portfolio and strategic initiatives to enhance operational efficiency and financial resilience.