S Hotels & Resorts achieved record sales of 10,352 million baht in 2024, with the fourth quarter of 24 profit rose 1.3 times and a dividend of 0.03 baht/shares

BANGKOKPresent March 4, 2025 / Prnewswire/ – S Hotels and Resorts PCL (Set: Shr) The Global Hospitality Company announced its financial results from 2024 and reveals a record income of 10,352 billion bahtreflect the ongoing expansion of global tourism demand. Remarkably, the company's net profit rose in the fourth quarter 147 million bahtMore than twice the result of the previous period. This essential growth was attributed to the accelerated conclusion of the Saii Laguna -Phuket -Renovation and the robust recovery of its property in the Republic Mauritius. These results also underline the company's improved efficiency in financial cost management.

In the fourth quarter of 2024, the company recorded the turnover of 2,606.7 million baht. This growth was driven by the successful introduction of new holiday experiences at Saii Laguna Phuket, which were effectively aligned for tourist segments, which led to an increase in the room rate of more than 30%and the complete operational recovery of the Mauritius Beach Resort. In addition, a commitment to improve operational efficiency and cost management, in particular a reduction of over 20% of the financing costs compared to the fourth quarter of the previous year, contributed significantly to a net increase of more than 130%.

Shrs 2024 income achieved a record high of 10,352 million bahtIncluding an increase of a 7% previous year. This impressive growth was promoted by the robust performance of the company's hotel and resort portfolio, which showed impressive growth in most locations. This success underlines the effectiveness of a flexible business strategy that includes proactive marketing initiatives in order to optimize the market mix in the MaldivesIn addition to the continuous improvement of the quality and service standards of assets as part of the Saii brand, which strengthens the core operations. As a result, the business profit of SHR 2024 rose by 25% 1,246 million bahtDuring the net profit by 55% rose 134 million baht. In recognition of these strong results, the Board of Directors has decided to propose a dividend payment of 0.03 baht win per share of 2024, doubles the payment of 2023.

Additional early February 2025The company successfully gave debt bonds in the amount of 1.7 billion bahtFurthermore, the optimization of the financing costs and the preparation for further business expansion.

Mister. Michael MarshallChief Executive Officer from SHRreported: “The considerable growth in performance in this quarter reflects the resistance and potential of the SHR portfolio and validates the robust approach of the company for business development Maldives Project in the middle of increased competition prices in the Maldives. We look forward to 2025, we want to complete the renovation plans of three additional hotels in the United Kingdom. This initiative aims to raise the quality of the assets, to improve service standards, to rename and reputation and at the same time maintain strict cost and cost management, which means that the sales and profit potentity of the portfolio are maximized. “

Source S -Hotels and Resorts PCL