Less Ads, More Data, More Tools Register for FREE

Pin to quick picksJDS.L Regulatory News (JDS)

  • There is currently no data for JDS

Interim Management Statement

4 May 2016 12:34

RNS Number : 2404X
Mandarin Oriental International Ltd
04 May 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

 

4th May 2016 - Mandarin Oriental International Limited has today issued an Interim Management Statement for the first quarter of 2016.

 

Earnings for the Group during the first quarter were lower than in 2015 due to softer demand in the key markets of Hong Kong and London as well as the adverse impact from a room renovation programme in Washington D.C. Elsewhere, further improvement in Tokyo was offset by weaker conditions in Jakarta, while the Paris hotel maintained its market share in a local environment that remained challenging given the ongoing security concerns.

 

The Group expects the subdued trading conditions seen during the first quarter in its key markets to continue for the remainder of the first half.

 

Net debt at the end of the first quarter was US$154 million, with gearing as a percentage of adjusted shareholders' funds remaining unchanged at 4%. On 27th April 2016, the Group completed its US$140 million acquisition of Mandarin Oriental, Boston.

 

Mandarin Oriental Hotel Group is the award-winning owner and operator of some of the world's most luxurious hotels, resorts and residences. Having grown from its Asian roots into a global brand, the Group now operates 29 hotels and seven 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 openings planned in Doha and Beijing. 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

Kirsten Molyneux (852) 3512 5053

 

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
 
 
DOCFZLFBQEFXBBF
Date   Source Headline
27th May 201611:20 amRNSTransaction in Own Shares
24th May 201610:54 amRNSTransaction in Own Shares
23rd May 201612:21 pmRNSTransaction in Own Shares
23rd May 201611:22 amRNSDirector/PDMR Shareholding
20th May 201611:00 amRNSDirector/PDMR Shareholding
16th May 201612:29 pmRNSTransaction in Own Shares
12th May 201611:32 amRNSTransaction in Own Shares
11th May 201611:36 amRNSTransaction in Own Shares
11th May 201611:26 amRNSDirector/PDMR Shareholding
10th May 201611:40 amRNSTransaction in Own Shares
6th May 201610:52 amRNSTransaction in Own Shares
6th May 201610:16 amRNSAdditional Listing
6th May 201610:09 amRNSDirector Declaration
5th May 20164:44 pmRNSNon-Routine Resolutions submitted via NSM
5th May 20163:59 pmRNSResult of AGM
5th May 201612:39 pmRNSInterim Management Statement
5th May 201612:36 pmRNSInterim Management Statement
5th May 201611:46 amRNSTransaction in Own Shares
4th May 201612:34 pmRNSInterim Management Statement
4th May 201612:33 pmRNSInterim Management Statement
4th May 201612:32 pmRNSInterim Management Statement
3rd May 201611:56 amRNSTransaction in Own Shares
3rd May 201610:12 amRNSTotal Voting Rights
29th Apr 20162:01 pmRNSTransaction in Own Shares
28th Apr 201612:17 pmRNSHolding(s) in Company
28th Apr 201610:43 amRNSJC&C Ltd First Quarter Results & Dividend Stmt
27th Apr 201610:37 amRNSFirst Quarter 2016 Results of PT Hero
27th Apr 201610:12 amRNSDividend
26th Apr 201611:13 amRNSPT Astra International TBK First Quarter Results
25th Apr 201610:16 amRNSDividend
7th Apr 201610:20 amRNSAnnual Financial Report
30th Mar 201610:12 amRNSCirc re. Scrip Dividend Scheme
3rd Mar 20169:15 amRNS2015 Preliminary Announcement of Results
3rd Mar 20169:14 amRNS2015 Preliminary Announcement of Results
3rd Mar 20169:07 amRNS2015 Preliminary Announcement of Results
3rd Mar 20169:07 amRNS2015 Preliminary Announcement of Results
3rd Mar 20169:07 amRNS2015 Preliminary Announcement of Results
26th Feb 20169:35 amRNS2015 Year End Results of PT Hero
25th Feb 20169:57 amRNSJC&C 2015 Financial Statements & Dividends
25th Feb 20169:47 amRNSPT Astra - 2015 Full Year Financial Statements
1st Feb 20169:11 amRNSNotice of 2015 Final Results
6th Jan 20167:00 amRNSMandarin Oriental to Acquire Boston Hotel
31st Dec 20157:00 amRNSTotal Voting Rights
18th Dec 201510:09 amRNSTransaction in Own Shares
17th Dec 201511:16 amRNSTransaction in Own Shares
16th Dec 201510:32 amRNSTransaction in Own Shares
15th Dec 201510:43 amRNSTransaction in Own Shares
14th Dec 201510:50 amRNSTransaction in Own Shares
14th Dec 20157:04 amRNSTransaction in Own Shares
2nd Dec 20159:49 amRNSTransaction in Own Shares

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.