Penang, KL hotels boost Shangri-La profit for FY07


KUALA LUMPUR: Shangri-La Hotels (M) Bhd has attributed its sterling performance for the financial year ended Dec 31, 2007 (FY07) to revenue generated mainly by its Rasa Sayang Resort and Spa in Penang and Shangri-La Hotel Kuala Lumpur.

For FY07, the group saw its pre-tax profit surge 118% to RM98.4mil and revenue rise 24% to RM410.7mil, from RM45.4mil and RM330.5mil respectively in FY06.

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