Mandarin Oriental's FY14 profit, revenue edge up

Singapore

MANDARIN Oriental International on Thursday reported a net profit of US$97 million for 2014, up one per cent from the US$96.3 million a year ago. Revenue rose 2 per cent to US$1.39 billion. Earnings per share rose to 9.67 US cents for 2014, from 9.61 US cents in 2013.

This came despite challenging trading conditions in some markets. For instance, two of its wholly owned hotels in Hong Kong did well in 2014, although their results were impacted by demonstrations in the city in Q4.