Shangri-La Asia FY14 bottom line hit by lower fair-value gains

Singapore

SHANGRI-LA Asia's net profit dropped almost 54 per cent to US$180.89 million for 2014 as contributions from associates plunged in the face of lower fair-value gains from investment properties.

Full-year revenue rose from US$2.08 billion to US$2.11 billion, with net profit before non-operating items up some 36 per cent at US$89.8 million. But net profit from non-operating items slumped around 72 per cent to US$91.1 million.