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28 May 2025
Shangri-La Malaysia Sees Profit Growth in Q1 2025
Summary:
- Shangri-La Hotels (Malaysia) Berhad (SHMB) announced its financial results for the first quarter ended March 31, 2025.
- The company, a 52.78% subsidiary of Shangri-La Asia Limited, is listed on Bursa Malaysia.
- Revenue for Q1 2025 was MYR 133,124, a slight decrease from MYR 137,710 in Q1 2024.
- Despite the revenue dip, profit for the period rose to MYR 13,142 in Q1 2025, up from MYR 13,039 in Q1 2024.
- Profit attributable to ordinary equity holders of the parent also saw an increase to MYR 11,529 (Q1 2025) from MYR 11,097 (Q1 2024).
- Basic earnings per share improved to 2.62 in Q1 2025, compared to 2.52 in Q1 2024.
- Net assets per share attributable to ordinary equity holders of the parent increased to 1.8000.
- No dividends were proposed or declared for the period.