Shangri-La Asia (SGX:S07, HKG:0069) recorded a 12% decline in attributable profit in 2024 to $161.4 million from $184.1 million in the year-ago period, a Thursday filing with the Hong Kong bourse said.
Earnings per share were $2.582 in the year, down from $3.149 in the previous corresponding year.
The hotel operator's consolidated revenue rose by 2% to $2.19 billion in the year from $2.14 billion a year prior.
The lower profit came about amid a year-over-year decrease in net gains from non-operating items.
The firm recommended a final dividend of HK$0.10 per ordinary share for the year, payable June 27 to shareholders of record on June 17.
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