Luxury hotelier Shangri-La Asia plans to add nine new hotels, including one in Hung Hom, it said yesterday after posting a 42 per cent year-on-year increase in net profits.
Net profits for the year to December 2012, including a US$185 million revaluation gain on investment properties, rose to US$358.9 million.
Total sales revenues were up 8 per cent to US$2.05 billion, and the board declared a final dividend of 10 HK cents.
via Business feed http://www.scmp.com/business/companies/article/1196723/shangri-la-asia-add-nine-new-hotels
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