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 Nov 2015 09:16

RNS Number : 5095E
Mandarin Oriental International Ltd
04 November 2015
 



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 November 2015 - Mandarin Oriental International Limited has today issued an Interim Management Statement for the third quarter of 2015.

 

Softer demand in Hong Kong and Singapore, together with disruption from the renovation in Kuala Lumpur, led to a lower overall contribution from Asia despite improved trading in Tokyo. Europe's contribution benefited from the addition of the Hotel Ritz in Madrid and improved results in London, but the overall result was lower due to softer demand in Paris and the renovation in Munich. In The Americas, positive trading momentum led to improved results across the portfolio. Notwithstanding the challenging conditions which affected a number of hotels across the portfolio, overall profitability of the Group was largely resilient.

 

In July, the Group opened the 104-room Mandarin Oriental, Milan, which was followed in October with the opening of Mandarin Oriental, Marrakech, a luxury resort with 54 private villas. In September, a management contract was announced for a 280-room hotel with 103 Residences at Mandarin Oriental in Beirut, scheduled to open in 2018.

 

The Group remains in a strong financial position, with net debt at the quarter end in line with what was reported at the half year.

 

Mandarin Oriental Hotel Group is the award-winning owner and operator of some of the most luxurious hotels, resorts and residences. Having grown from a well-respected Asian hotel company into a global brand, the Group now operates, or has under development, 46 hotels representing more than 11,000 rooms in 25 countries, with 21 hotels in Asia, nine in The Americas and 16 in Europe, Middle East and North Africa. In addition, the Group operates or has under development, 16 Residences at Mandarin Oriental connected to its properties. 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

Joanna Donne (852) 3512 5070

 

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
 
 
IMSKZLBBEFFFFBB
Date   Source Headline
6th Nov 20139:21 amRNSInterim Management Statement
6th Nov 20139:19 amRNS2013 Third Quarter Financial Statements
6th Nov 20139:17 amRNSInterim Management Statement
6th Nov 20139:10 amRNSInterim Management Statement
6th Nov 20139:09 amRNSInterim Management Statement
6th Nov 20139:07 amRNSInterim Management Statement
31st Oct 201311:06 amRNSTotal Voting Rights
31st Oct 201310:15 amRNSPT Astra 3rd Quarter Results
16th Oct 201310:22 amRNSDirector/PDMR Shareholding
10th Oct 201310:17 amRNSAdditional Listing
2nd Oct 201310:11 amRNSDividend
30th Sep 201310:30 amRNSDividend
4th Sep 201310:12 amRNSCirc re. Scrip Dividend Scheme
2nd Aug 201310:48 amRNSJC&C Half Year Financial Statement
2nd Aug 201310:42 amRNSHalf Yearly Report
2nd Aug 201310:42 amRNSHalf Yearly Report
1st Aug 201310:06 amRNSHalf Yearly Report
1st Aug 201310:06 amRNSHalf Yearly Report
1st Aug 201310:06 amRNSHalf Yearly Report
30th Jul 201310:46 amRNSPT Astra International 2013 Half Year Results
4th Jul 201310:40 amRNSNotice of 2013 Half-Yearly Results
31st May 201310:24 amRNSDirector Declaration
31st May 201310:19 amRNSTotal Voting Rights
22nd May 201310:27 amRNSDirector/PDMR Shareholding
20th May 20137:00 amRNSAdditional Listing
20th May 20137:00 amRNSShares Purchase
16th May 20134:04 pmRNSNon-routine Resolutions
16th May 20133:49 pmRNSResult of AGM
16th May 201312:34 pmRNSInterim Management Statement
10th May 201310:14 amRNSShares Purchase
8th May 201310:38 amRNSDividend
29th Apr 201310:23 amRNSDividend
26th Apr 201310:40 amRNSJC&C 2013 First Quarter Financial Statements
24th Apr 201310:51 amRNSPT Astra 2013 First Quarter Financial Statements
15th Apr 201310:15 amRNSAnnual Financial Report
3rd Apr 201310:14 amRNSCirc re. Scrip Dividend Scheme
27th Mar 20139:11 amRNSDirector Declaration
8th Mar 20139:06 amRNSFinal Results
28th Feb 20139:48 amRNSJC&C 2012 Financial Statements and Dividend
28th Feb 20139:37 amRNSPT Astra 2012 Full Year Financial Statements
8th Feb 20139:15 amRNSNotice of 2012 Final Results
7th Nov 20129:19 amRNSInterim Management Statement
31st Oct 201210:38 amRNSTotal Voting Rights
31st Oct 201210:02 amRNSJC&C Third Quarter Financial Statements
31st Oct 20129:58 amRNSAstra 3rd Quarter Results
10th Oct 201210:14 amRNSDirector/PDMR Shareholding
4th Oct 201210:33 amRNSAdditional Listing
26th Sep 201210:27 amRNSDividend
24th Sep 201210:11 amRNSDividend
29th Aug 201210:09 amRNSCirc re. Scrip Dividend Scheme

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.