Hongkong and Shanghai Hotels reports HK$1.2b income

Business | 14 Mar 2019 3:18 pm

The Hongkong and Shanghai Hotels, which owns The Peninsula luxury hotels, said today net profit attributable for 2018 was HK$1.24 billion, from HK$1.15 billion.

This includes a net property revaluation gain of HK$523 million, compared with HK$609 million in 2017.

The group owns and operates 10 Peninsula hotels in Hong Kong, Shanghai, Beijing, Tokyo, New York, Chicago, Los Angeles, Paris, Bangkok and Manila.

Revenue grew by 7 percent on year to HK$6.21 billion, from HK$5.78 billion. EBITDA grew by 9 percent to HK$1.55 billion, from HK$1.42 billion.

Earnings per share were 78 HK cents from 73 HK cents in 2017.

The board declares a final dividend of 16 HK cents per share, from 16 HK cents per share in 2017. The total dividend for the year is 21 HK

cents per share compared with 20 HK cents per share in the year before.

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