Shangri-La Asia: Profit fell 38.7% to USD57.9M as hotel revenue softened, but investment properties grew

About this update from Shangri-la Asia Limited

Profit attributable to owners declined 38.7% year-over-year to USD57.9 million, with revenue up 0.7% to USD1,056.1 million, driven by investment properties but offset by weaker hotel performance in Mainland China and Singapore. The group maintained its interim dividend and strengthened its funding base with new bond issuances.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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