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- 2016 Preliminary Results

Hamilton, Bermuda – 02 March, 2017 – In a filing with the Bermuda Stock Exchange (“BSX”), Mandarin Oriental International Limited (the “Company”; Ticker: MOIBD.BH) announced its 2016 preliminary results.  The filing stated:

           

 

•          Weak demand persists in key cities

•          Underlying earnings 37% lower

•          Phased renovation of London hotel commenced

•          New management contract in Hawaii

 

“Challenging market conditions are expected to continue to impact the Group, and earnings will also be disrupted by the renovation of the London hotel. Nevertheless, the Group’s strong brand position, healthy balance sheet and continued portfolio development will underpin its future performance.”

 

Ben Keswick

Chairman

 

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

www.bsx.com/CompanyDocuments/132/Mandarin%20Oriental%20Preliminary%20Results%20%20Q4%202016.pdf

 

 

For further information, please contact:

 

Mandarin Oriental Hotel Group International Limited

James Riley / 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 2016 can be accessed through the internet at ‘www.mandarinoriental.com’.