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Shangri-La posts 16% decrease in revenue for 3Q2009

KUALA LUMPUR: Shangri-La Hotels (Malaysia) Bhd on Nov 5 posted a 16% decrease, or RM17.9 million in revenue for 3Q2009 compared with the preceding year’s corresponding period. Its cumulative 3Q2009 profit after tax is RM32.4 million, RM18.8 million less than 3Q2008.

According to the statement released to Bursa, its basic earnings per share stands at 2.87 sen, lower than its 4.53 sen in 3Q2008.
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