Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMandarin In.sg Regulatory News (MDO)

  • This share is currently suspended. It was suspended at a price of 1.65
  • There is currently no data for MDO

Interim Management Statement

6 Nov 2013 09:10

RNS Number : 3286S
Mandarin Oriental International Ltd
06 November 2013
 



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

 

6th November 2013 - Mandarin Oriental International Limited has today issued its Interim Management Statement covering the period from 1st July to 5th November 2013.

 

The trading momentum continued to be positive for the Group during the period. Results from its Asian hotels remained steady, while in Europe earnings benefited from further stabilization of the Paris hotel. In The Americas, increased demand led to improved performance across the portfolio.

 

During the period, the Group announced two new management contracts. A 231-room hotel in the central business district of Chongqing is due to open in 2016, followed in 2017 by the opening of a 190-room hotel in Shenzhen. These projects will bring the total number of hotels under operation or development in mainland China to seven. In August, the Group ceased management of the Chiang Mai hotel, and the previously announced project in St. Kitts will no longer proceed. Within the next 18 months, four new hotels are scheduled to open, in Taipei, Bodrum, Marrakech and Beijing.

 

Mandarin Oriental's balance sheet remains strong, with net debt at 31st October 2013 largely unchanged from that 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. The Group has grown from a well-respected Asian hotel company into a global brand and now operates, or has under development, 45 hotels representing over 11,000 rooms in 26 countries, with 20 hotels in Asia, 11 in The Americas and 14 in Europe, Middle East and North Africa. In addition, the Group operates or has under development, 13 Residences at Mandarin Oriental connected to its properties. Mandarin Oriental International Limited is incorporated in Bermuda and has a premium listing on the London Stock Exchange, 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

 

GolinHarris

Kennes Young (852) 2501 7987

 

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
 
 
IMSKQLBBXFFBFBV
Date   Source Headline
6th Mar 20089:05 amRNSFinal Results
11th Feb 20089:41 amRNSNotice of Results
4th Jan 200810:44 amRNSDirector/PDMR Shareholding
27th Nov 200711:12 amRNSDirector/PDMR Shareholding
22nd Oct 200711:58 amRNSDirector/PDMR Shareholding
18th Oct 200711:58 amRNSDirector/PDMR Shareholding
10th Oct 200710:42 amRNSDividend
27th Sep 200712:53 pmRNSDirector/PDMR Shareholding
19th Sep 200711:38 amRNSDirector/PDMR Shareholding
14th Sep 200711:18 amRNSDirector Declaration
5th Sep 200710:20 amRNSInterim Report 2007
5th Sep 200710:10 amRNSDirector/PDMR Shareholding
4th Sep 200710:05 amRNSSyndicated Loan Facility
31st Aug 200711:53 amRNSDirector/PDMR Shareholding
30th Aug 200711:58 amRNSDirector/PDMR Shareholding
29th Aug 200712:02 pmRNSDirector/PDMR Shareholding
28th Aug 200712:08 pmRNSDirector/PDMR Shareholding
23rd Aug 200711:47 amRNSDirector/PDMR Shareholding
7th Aug 200710:05 amRNSInterim Results
20th Jul 200711:04 amRNSBermuda Takeover Code
17th Jul 200710:52 amRNSNotice of Results
17th May 200710:49 amRNSDirector Declaration
9th May 20072:07 pmRNSResult of AGM
9th May 20071:58 pmRNSResult of AGM
2nd May 200711:37 amRNSDividend
2nd May 200711:32 amRNSAnnual Information Update
20th Apr 200710:35 amRNSHolding(s) in Company
13th Apr 200710:21 amRNSAnnual Report & Notice of AGM
30th Mar 200710:14 amRNSDirector/PDMR Shareholding
16th Mar 20079:11 amRNSDirector/PDMR Shareholding
6th Mar 20079:05 amRNSFinal Results
1st Mar 20079:05 amRNSMOIL Sale Completion
9th Feb 20079:19 amRNSNotice of Results
8th Feb 20079:05 amRNSMO To Open Hotel In Paris
29th Dec 20069:33 amRNSVoting Rights and Capital
29th Dec 20069:15 amRNSTransaction in Own Shares
21st Dec 20069:28 amRNSSell Half Equity Inv in MONY
24th Nov 200610:06 amRNSDirector/PDMR Shareholding
22nd Nov 200610:19 amRNSDirector/PDMR Shareholding
22nd Nov 200610:07 amRNSDirector/PDMR Shareholding
22nd Nov 200610:06 amRNSDirector/PDMR Shareholding
22nd Nov 20069:17 amRNSDirector/PDMR Shareholding
10th Nov 200611:38 amRNSDirector/PDMR Shareholding
27th Oct 200611:38 amRNSHolding(s) in Company
27th Oct 200611:01 amRNSDirector/PDMR Shareholding
25th Sep 200611:08 amRNSDirector/PDMR Shareholding
17th Aug 200610:11 amRNSInterim Report 2006
27th Jul 200610:05 amRNSInterim Results
23rd Jun 200610:11 amRNSDirector/PDMR Shareholding
21st Jun 200612:15 pmRNSDirector/PDMR Shareholding

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.