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Mandarin Oriental International reduces 1HFY2022 losses to US$18.3 million

The Edge Singapore
The Edge Singapore7/28/2022 06:00 PM GMT+08  • 1 min read
Mandarin Oriental International reduces 1HFY2022 losses to US$18.3 million
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With the steady resumption of travel, Mandarin Oriental International has reported that revenue for 1HFY2022 ended June has nearly doubled from US$101.8 million to US$198.4 million.

The combined revenue of the hotels management was up 78% y-o-y to US$679.4 million.

As such, the company was able to reduced its losses from US$155.9 million for 1HFY2021 to US$18.3 million.

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