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Shangri-La Asia reverses previous losses with FY2023 earnings of US$184.1 mil

Bryan Wu
Bryan Wu • 2 min read
Shangri-La Asia reverses previous losses with FY2023 earnings of US$184.1 mil
The company will resume the payment of dividends and has proposed a final dividend of 15 HK cents per share for FY2023.
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Shangri-La Asia (SGX:S07) has reported a net profit attributable to owners before non-operating items of US$129.0 million ($174.1 million) for the FY2023 ended Dec 31, 2023, reversing its loss of US$161.6 million in FY2022.

Including non-operating profit, earnings came to US$184.1 million for the full-year period, a swing of US$342.6 million compared to its loss of US$158.5 in the previous financial year.

Earnings per share came to 5.17 US cents for FY2023 compared to the loss per share of 4.44 US cents in FY2022.

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