Mandarin Oriental Hotel Group

This is a reversal from its underlying loss of US$21 mil in the same period a year ago.

The group’s underlying ebitda for the quarter stood at US$30 million, reversing from the US$1 million loss in the year before.

The new appointees will step into their roles at Mandarin Oriental and DFI on Sept 1 and Aug 1 respectively.

While the group registered “some improvement” across its businesses q-o-q, net underlying profit declined y-o-y.

SINGAPORE (Oct 9): The Excelsior, Hong Kong will close on March 31 2019 for redevelopment, says owner and operator Mandarin Oriental International.

SINGAPORE (Sept 15): Mandarin Oriental International says it has received proposals from potential purchasers to acquire the group’s The Excelsior hotel in Hong Kong.

SINGAPORE (March 2): Mandarin Oriental, a member of the Jardine Matheson Group, has declared FY16 earnings of US$55.2 million ($77.9 million), 38% down from its earnings of $89.3 million in the previous year on weak demand in a number of its key cities.