Mandarin Oriental International Full Year 2023 Earnings: US$0.29 loss per share (vs US$0.039 loss in FY 2022)

Mandarin Oriental International (SGX:M04) Full Year 2023 Results

Key Financial Results

• Revenue: US$558.1m (up 23% from FY 2022).
• Net loss: US$365.4m (loss widened by US$315.9m from FY 2022).
• US$0.29 loss per share (further deteriorated from US$0.039 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

The primary driver behind last 12 months revenue was the Hotel Ownership segment contributing a total revenue of US$486.8m (87% of total revenue). Notably, cost of sales worth US$308.7m amounted to 55% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$467.7m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how M04's revenue and expenses shape its earnings.

Mandarin Oriental International shares are down 3.0% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Mandarin Oriental International (1 shouldn't be ignored!) that you need to take into consideration.

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