HONG KONG—Hongkong and Shanghai Hotels Ltd., the operator of the luxury Peninsula hotel chain, said Wednesday its first-half net profit rose 31% from a year earlier due to property revaluation gains and a nascent recovery in its hotel business.
The Hong Kong-listed company, controlled by businessman Michael Kadoorie and his family, said its net profit for the six months ended June 30 rose to 605 million Hong Kong dollars (US$77.8 million) from HK$462 million.
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Showing posts with label Hongkong and Shanghai hotels. Show all posts
Showing posts with label Hongkong and Shanghai hotels. Show all posts
Wednesday, August 25, 2010
Friday, September 11, 2009
The Hongkong and Shanghai Hotels, Limited Assumes Full Ownership of The Peninsula Chicago
Following the completion of the agreement in Chicago, HSH Chicago, Inc. now assumes full ownership control of The Peninsula Chicago. HSH has opted to pay for the US$11.7 million purchase price in full with surplus cash.
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Thursday, August 27, 2009
THE HONGKONG AND SHANGHAI HOTELS, LIMITED
Key financial results
• Turnover decreased by 18% to HK$1,962 million.
• EBITDA decreased by 41% to HK$411 million.
• Profit before non-operating items and taxation decreased by 62% to HK$182 million.
• Profit attributable to shareholders decreased by 71% to HK$462 million.
• Earnings per share decreased by 71% to HK$0.32.
• Shareholders’ funds as at 30 June 2009 amounted to HK$21.3 billion (HK$14.49 per share).
• Adjusted net asset value as at 30 June 2009 amounted to HK$26.3 billion (HK$17.96 per share).
• Gearing ratio increased to 9% (2008: 5%).
• Interim dividend of 3 HK cents (2008: 6.5 HK cents) per share.
Read more:
http://www.hshgroup.com/uploadedfiles/News_Centre/News/pdf/2009%20Interim%20Result%20Press%20Release%20-%20English.pdf
• Turnover decreased by 18% to HK$1,962 million.
• EBITDA decreased by 41% to HK$411 million.
• Profit before non-operating items and taxation decreased by 62% to HK$182 million.
• Profit attributable to shareholders decreased by 71% to HK$462 million.
• Earnings per share decreased by 71% to HK$0.32.
• Shareholders’ funds as at 30 June 2009 amounted to HK$21.3 billion (HK$14.49 per share).
• Adjusted net asset value as at 30 June 2009 amounted to HK$26.3 billion (HK$17.96 per share).
• Gearing ratio increased to 9% (2008: 5%).
• Interim dividend of 3 HK cents (2008: 6.5 HK cents) per share.
Read more:
http://www.hshgroup.com/uploadedfiles/News_Centre/News/pdf/2009%20Interim%20Result%20Press%20Release%20-%20English.pdf
Thursday, May 14, 2009
THE HONGKONG AND SHANGHAI HOTELS, LIMITED
About HSH
Incorporated in 1866 and listed on the Hong Kong Stock Exchange (00045), The Hongkong
and Shanghai Hotels, Limited is a holding company whose subsidiaries and jointly controlled
entity are engaged in the ownership and management of prestigious hotel, commercial and
residential properties in key destinations in Asia and the USA. The hotel portfolio of the
Group comprises The Peninsula Hong Kong, The Peninsula New York, The Peninsula
Chicago, The Peninsula Beverly Hills, The Peninsula Tokyo, The Peninsula Bangkok,
The Peninsula Beijing, The Peninsula Manila, The Peninsula Shanghai (opening 2009), and
Quail Lodge Resort and Golf Club in Carmel, California. The property portfolio of the Group
includes The Repulse Bay Complex, The Peak Tower and The Peak Tramways, St. John’s
Building, The Landmark in Ho Chi Minh City, Vietnam and the Thai Country Club in
Bangkok, Thailand.
Additional information
http://www.hshgroup.com/uploadedfiles/Investor_Relations/Quarterly_Operating_Statistics/pdf/Quarterly%20Statistics%202009-Q1%20(Eng)_website.pdf
Incorporated in 1866 and listed on the Hong Kong Stock Exchange (00045), The Hongkong
and Shanghai Hotels, Limited is a holding company whose subsidiaries and jointly controlled
entity are engaged in the ownership and management of prestigious hotel, commercial and
residential properties in key destinations in Asia and the USA. The hotel portfolio of the
Group comprises The Peninsula Hong Kong, The Peninsula New York, The Peninsula
Chicago, The Peninsula Beverly Hills, The Peninsula Tokyo, The Peninsula Bangkok,
The Peninsula Beijing, The Peninsula Manila, The Peninsula Shanghai (opening 2009), and
Quail Lodge Resort and Golf Club in Carmel, California. The property portfolio of the Group
includes The Repulse Bay Complex, The Peak Tower and The Peak Tramways, St. John’s
Building, The Landmark in Ho Chi Minh City, Vietnam and the Thai Country Club in
Bangkok, Thailand.
Additional information
http://www.hshgroup.com/uploadedfiles/Investor_Relations/Quarterly_Operating_Statistics/pdf/Quarterly%20Statistics%202009-Q1%20(Eng)_website.pdf
