Shangri-La Asia Reports Mixed 2024 Financial Results
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Shangri-La Asia Limited reported mixed Q4 2024 financial results, with a 2% revenue increase to USD 2,185.4 million, despite a challenging environment. However, revenue and EBITDA declined by 4.2% and 13.0%, respectively, due to weaker performance in Property Development. Profit attributable to owners fell by 12.3% to USD 161.4 million. While regions like Hong Kong and the Philippines showed recovery, challenges persisted in Mainland China and Singapore. The company is focused on strategic refinancing and maintains a strong liquidity position for future growth.
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