Shangri-La Hotels (M) Bhd's pre-tax profit for the first quarter ended March 31, 2011 increased to RM27.450 million from RM21.608 million in the corresponding quarter last year.
Its revenue increased to RM112.643 million from RM99.632 million previously.
In a statement today, Shangri-La said the improved results largely reflected the better operating performances across the group's hotels and resorts in Kuala Lumpur and Penang, mostly due to good increases in occupancy levels.
It said the prospect of the group's hotel business looked healthy. -- Bernama
Read more: Shangri-La posts RM27.5m Q1 pre-tax profit http://www.btimes.com.my/Current_News/BTIMES/articles/20110520205659/Article/index_html#ixzz1NC6LqCwY
Its revenue increased to RM112.643 million from RM99.632 million previously.
In a statement today, Shangri-La said the improved results largely reflected the better operating performances across the group's hotels and resorts in Kuala Lumpur and Penang, mostly due to good increases in occupancy levels.
It said the prospect of the group's hotel business looked healthy. -- Bernama
Read more: Shangri-La posts RM27.5m Q1 pre-tax profit http://www.btimes.com.my/Current_News/BTIMES/articles/20110520205659/Article/index_html#ixzz1NC6LqCwY