The group’s available cash and committed facilities are at US$840 million.
Mandarin Oriental (SGX:M04
) has recorded an underlying profit of US$28 million ($37.29 million), a reversal from its underlying loss of US$21 million in the same period last year, and more than double in 2019. This was driven by the recovery of key owned hotels in Asia, according to the group.
Net debt fell to US$233 million as at June 30, from US$376 million at the end of 2022.
