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 Sep 201711:37 amRNSShares Purchase
6th Sep 201710:15 amRNSCirc re. Scrip Dividend Scheme
29th Aug 201711:19 amRNSShares Purchase
24th Aug 201711:09 amRNSShares Purchase
24th Aug 20177:00 amRNSShares Purchase
18th Aug 201710:58 amRNSShares Purchases
14th Aug 201711:20 amRNSShares Purchase
9th Aug 201710:09 amRNSDirector Declaration
4th Aug 201710:22 amRNSHalf Yearly Results
4th Aug 201710:22 amRNSHalf Yearly Results
4th Aug 201710:18 amRNSJC&C 2017 Half Year Financial Statements
3rd Aug 201710:06 amRNSHalf Yearly Results
3rd Aug 201710:06 amRNSHalf Yearly Results
3rd Aug 201710:06 amRNSHalf Yearly Results
27th Jul 201710:34 amRNSPT Astra 2017 First Half Financial Statements
27th Jul 201710:19 amRNSFirst Half 2017 Results of PT Hero
6th Jul 201710:19 amRNSNotice of 2017 Half-Yearly Results
23rd Jun 20177:00 amRNSDirectorate Change
5th Jun 20177:00 amRNSMO to Review Long-term Strategic Options for EXHK
31st May 201710:33 amRNSTotal Voting Rights
11th May 201710:30 amRNSDirector/PDMR Shareholding
5th May 201710:13 amRNSAdditional Listing
4th May 20174:18 pmRNSNon-Routine Resolutions submitted via NSM
4th May 20174:13 pmRNSResult of AGM
4th May 201712:38 pmRNSInterim Management Statement
4th May 201712:37 pmRNSInterim Management Statement
3rd May 201712:35 pmRNSInterim Management Statement
3rd May 201712:34 pmRNSInterim Management Statement
3rd May 201712:31 pmRNSInterim Management Statement
28th Apr 201710:18 amRNSJC&C 2017 First Quarter Financial Statements
27th Apr 201710:30 amRNSFirst Quarter 2017 Results of PT Hero
26th Apr 201710:33 amRNSDividend
24th Apr 201710:10 amRNSDividend
20th Apr 20177:00 amRNSPT Astra International TBK First Quarter Results
5th Apr 201710:20 amRNSAnnual Financial Report
29th Mar 201710:22 amRNSCirc re. Scrip Dividend Scheme
2nd Mar 20179:13 amRNS2016 PRELIMINARY ANNOUNCEMENT OF RESULTS
2nd Mar 20179:13 amRNS2016 PRELIMINARY ANNOUNCEMENT OF RESULTS
2nd Mar 20179:06 amRNS2016 PRELIMINARY ANNOUNCEMENT OF RESULTS
2nd Mar 20179:06 amRNS2016 PRELIMINARY ANNOUNCEMENT OF RESULTS
2nd Mar 20179:06 amRNS2016 PRELIMINARY ANNOUNCEMENT OF RESULTS
1st Mar 20179:29 amRNS2016 Full Year Results of PT Hero
27th Feb 20179:50 amRNSJC&C 2016 Financial Statements
27th Feb 20179:45 amRNSPT Astra 2016 Full Year Financial Statements
1st Feb 20179:21 amRNSNotice of 2016 Final Results
9th Nov 20169:15 amRNSInterim Management Statement
9th Nov 20169:15 amRNSInterim Management Statement
9th Nov 20169:11 amRNSInterim Management Statement
9th Nov 20169:10 amRNSInterim Management Statement
9th Nov 20169:09 amRNSInterim Management Statement

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.