The Hongkong and Shanghai Hotels Annual Results for the Year Ended 31 December, 2015 (China)
HIGHLIGHTS
Key financial results |
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The Hongkong and Shanghai Hotels Annual Results for the Year Ended 31 December, 2015 (China)
HIGHLIGHTS
Key financial results |
Category: Asia Pacific - China - Industry economy
- Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2016-03-17
- Revenue and EBITDA amounted to HK$5,741 million (2014: HK$5,838 million) and HK$1,440 million (2014: HK$1,528 million) respectively
- Underlying profit attributable to shareholders amounted to HK$688 million (2014: HK$804 million). The earnings of the Company were affected by partial closure of The Peninsula Beijing and The Peninsula Chicago due to extensive renovations
- Profit attributable to shareholders amounted to HK$1,000 million (2014: HK$1,146 million), inclusive of property revaluation gains
- Earnings per share and underlying earnings per share of HK$0.65 (2014: HK$0.76) and HK$0.45 (2014: HK$0.53) respectively
- Final dividend of 15 HK cents per share (2014: 18 HK cents per share), making a total dividend of 20 HK cents per share for 2015 (2014: 23 HK cents per share)
- Shareholders' funds as at 31 December 2015 amounted to HK$36,427 million (2014: HK$35,901 million) or HK$23.61 per share (2014: HK$23.67 per share)
Key developments - The grand opening of The Peninsula Paris was held in April 2015. In its first full year of operation, The Peninsula Paris has achieved tremendous international recognition and is becoming noted as one of the finest hotels in Europe
- In December 2015, an agreement was reached between the Myanmar Ministry of Rail Transportation and Yoma, our partners in Yangon, for the extension of the land lease that is required for the development of a mixed-use project located in the Yangon business district in Myanmar. The former Myanmar Railway Headquarters forms part of this development and will be renovated to become The Peninsula Yangon
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