Mandarin Oriental International Trims Attributable Loss in 2024

MT Newswires

03-06

Mandarin Oriental International's (SGX:M04) attributable loss to shareholders narrowed by 78% in 2024 to $78.6 million from 365.4 million a year earlier, according to a Wednesday filing with the Singapore Exchange.

Loss per share came in at $0.0622 compared with $3.654 in the comparable period.

Revenue slid 6% year over year to $525.8 million from $558.1 million.

The company recommended a final dividend of $0.035 per share for the period, taking the total dividend for the year to $0.05 per share.

Shares of the multinational hospitality company were down nearly 1% in recent trading.

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