- Mandarin Oriental International has reported that earnings (EBITDA) fell by 13% to $61.5m for the six months ended 30 June, compared to $70.8m for the same period in 2016.

Combined total revenue of hotels under management for the six-month period was broadly unchanged at $644.8m.

Underlying profit attributable to shareholders fell by 34% to $15m from $24.7m.

At 2:55pm:

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