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Home / Capital / Results

Mandarin Oriental reports underlying losses of US$41 mil in 1Q and expects 'further loss' in 2Q

Results

Mandarin Oriental reports underlying losses of US$41 mil in 1Q and expects 'further loss' in 2Q

Felicia Tan Published on Wed, May 05, 2021 / 6:20 PM GMT+8

In its interim management statement for the 1QFY2021, Mandarin Oriental International has reported unaudited underlying losses of US$41 million ($54.7 million).

Mandarin Oriental is a member of the Jardine Matheson group.

It adds that it expects to report “a further loss” in the 2QFY2021.