Shangri-La Asia Faces Profit Decline in 2024 H1
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Shangri-La Asia Faces Profit Decline in 2024 H1

Shangri-La Asia (HK:0069) has released an update.

Shangri-La Asia Limited reported a decline in profit for the first half of 2024, with consolidated profit before non-operating items down 8.5% to USD59.1 million and after non-operating items down 28.1% to USD94.5 million, despite a 4.3% revenue increase. The company also declared an interim dividend of HK5 cents per share, marking a return to dividend payouts after a previous year of no dividends.

For further insights into HK:0069 stock, check out TipRanks’ Stock Analysis page.

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