Highlights
• Significant market weakness
• US$78.5 million gain recorded on sale of Macau hotel
• Strong financial position
“It is expected that market conditions will remain poor for the remainder of the year.
Mandarin Oriental is, however, in a strong competitive and financial position and should
benefit over the longer term from the strength of its brand and the limited new supply of luxury
hotels in its key markets.”
Read more:
http://202.66.146.82/listco/sg/mandarin/interim/2009/int.pdf
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