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Mandarin Oriental reverses to full-year net loss of US$55.5m

Earnings took a hit primarily due to the closure of The Excelsior in Hong Kong.


DUAL-LISTED hotelier Mandarin Oriental's underlying net profit - which excludes non-trading items - tumbled 37 per cent to US$41.2 million for fiscal 2019, down from US$64.9 million a year earlier.

This came as the combined revenue of hotels under its management slipped 5...