---
title: "Shangri-La Asia Reports Mixed 2024 Financial Results"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/237086923.md"
description: "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."
datetime: "2025-04-23T04:01:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/237086923.md)
  - [en](https://longbridge.com/en/news/237086923.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/237086923.md)
---

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# Shangri-La Asia Reports Mixed 2024 Financial Results

Shangri-La Asia ( (SHALF) ) has released its Q4 earnings. Here is a breakdown of the information Shangri-La Asia presented to its investors.

Shangri-La Asia Limited is a Bermuda-incorporated company primarily engaged in the development, ownership, and operation of hotel properties, hotel management, investment properties, and property development for sale, with a significant presence in Asia Pacific, Europe, and Africa.

In its 2024 earnings report, Shangri-La Asia Limited announced a consolidated revenue increase of 2% to USD 2,185.4 million, despite a challenging environment. However, the company’s effective share of revenue and EBITDA saw declines of 4.2% and 13.0%, respectively, largely due to reduced performance in its Property Development for Sale segment.

Key financial metrics revealed a decrease in profit attributable to owners by 12.3% to USD 161.4 million, with earnings per share dropping by 12.2%. The company’s hotel operations showed mixed results, with some regions like Hong Kong and the Philippines experiencing recovery, while Mainland China and Singapore faced challenges. Investment properties showed resilience, particularly in Sri Lanka and Mongolia, contributing to a 16.2% revenue increase in this segment.

Despite the downturn in some areas, Shangri-La Asia Limited’s management remains focused on strategic refinancing initiatives, including Renminbi debt refinancing, which has diversified funding sources and reduced borrowing costs. The company also maintains a strong liquidity position, ensuring flexibility for future growth and stability.

Looking ahead, Shangri-La Asia Limited aims to navigate the current economic landscape by leveraging its diversified portfolio and strategic initiatives to enhance operational efficiency and financial resilience.

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