Skip to main content

This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.

Mandarin Oriental Int’l Ltd- 2015 Preliminary Results

Hamilton, Bermuda – 03 March, 2016 – In a filing with the Bermuda Stock Exchange (“BSX”), Mandarin Oriental International Limited (the “Company”; Ticker: MOIBD.BH) announced its 2015 preliminary results.  The filing stated:

           

Highlights

·         Resilient profit despite challenging conditions in a number of key markets

·         US$316 million rights issue

·         Acquisition of a 50% interest in the Hotel Ritz, Madrid

·         Acquisition of Mandarin Oriental, Boston announced

·         New hotels in Milan and Marrakech, and three new management contracts announced

 

“Trading conditions in a number of Mandarin Oriental’s key markets are expected to remain challenging. Nevertheless, the Group is in a strong competitive position with an increasingly diversified geographical presence and earnings stream. Over the longer term, Mandarin Oriental will benefit from the strength of its brand and the limited new supply of luxury hotels in its key markets.”

 

Ben Keswick

Chairman

 

The full press release can be viewed using the following link:

www.bsx.com/CompanyDocuments/2015%20Financials/Mandarin%20Oriental%20Q4%202015.pdf

 

 

For further information, please contact:

 

Mandarin Oriental Hotel Group International Limited

Edouard Ettedgui / Stuart Dickie (852) 2895 9288

Jill Kluge / Sally de Souza (852) 2895 9167

 

Brunswick Group Limited

Joanna Donne (852) 3512 5070

 

Full text of the Preliminary Announcement of Results and the Preliminary Financial Statements for the year ended 31st December 2015 can be accessed through the internet at ‘www.mandarinoriental.com’.