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Dorsett Hospitality International Announces 2014/15 Interim Results

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HONG KONG, Nov. 26, 2014 /PRNewswire/ — The board of directors of Dorsett Hospitality International Limited (HKEx Stock Code 2266) announces the unaudited condensed consolidated results for the six months ended 30 September 2014 as follows:

Financial Highlights

  • Revenue declined 34.4% to HK$714.6 million due to the inclusion of HK$498.4 million of revenue from the sales of apartments in Singapore in the comparative period of last year.
  • Recurring Revenue from the hotel operations reached HK$704.9 million, an increasingly stronger growth of 20.5% compared to HK$584.8 million reported in the same period of last year, primarily due to the increased room count and the stronger LFL Revenue per available room (“RevPAR”).
  • Net profit declined 80.3% to HK$65.0 million due to the inclusion of net profit from the sales of apartments inSingapore and the revaluation gains on investment properties in the same period last year.
  • Earnings per share was HK3.1 cents, 81.2% lower compared to the same period of last year.
  • RevPAR improved marginally by 0.4% to HK$563 driven by 0.5% increase on Average Room Rate (“ARR”) to HK$753, while the Occupancy Rate (“OCC”) decreased marginally by 0.1% compared to the same period of last year.
  • On a LFL basis, RevPAR increased by 2.2% to HK$573 largely due to increase of 1.5% on ARR and a marginal increase of 0.5% point on OCC.

The board has declared an interim dividend of HK2 cents per share for the six months ended 30 September 2014.

In reviewing the Group’s performance, Ms Winnie Chiu, President and Executive Director of Dorsett Hospitality International Limited, said, “Global economic uncertainties will continue affecting the travel industry in the near term. Despite these uncertainties, travel industry is expected to continue growing in the near term, driven by the increasing outbound travelers from the emerging markets, in particular the PRC, while in the medium term, on the back of the improving economic conditions, outbound travelers from the advanced economies are expected to return to positive growth.”

She added, “Despite the challenges and uncertainties, the Group remains optimistic in the global travel industry and our ‘Chinese Wallet’ strategy. The Group is fully committed to our well defined and proven business model to develop, own and operate our hotels.”

As at the end of September 2014, the Group operates and manages 6,544 rooms of which 6,043 rooms are owned and 501 rooms are managed. With the current development pipelines, including both self-owned and management hotels, the Group’s hotel room inventories will exceed 8,600 by the end of FY2017. These new hotels are expected to generate significantly larger cash flow stream for the Group.

– End –

www.dorsett.com

About Dorsett Hospitality International

Headquartered in Hong Kong, Dorsett Hospitality International (HKEx Stock Code 2266), is a spin-off from Far East Consortium Limited. With three brands under its umbrella ….the upscale and midscale Dorsett Hotels & Resorts and d.Collection comprising a range of charismatic boutique hotels; and the value-led Silka Hotels; the group currently owns and manages 30 hotels in China, Hong Kong, Singapore, Malaysia and United Kingdom; with eight more openings within the next two years in China, Hong Kong, Malaysia and United Kingdom. For more information on Dorsett Hospitality International, visit: www.dorsett.com.

Dorsett Hospitality International – Media Contact

Kattie Hoo
Director of Marketing and Communications
T: +6016 2011 340
E: kattie.hoo@dorsett.com

KahPeng Loke
Communications Manager
T: +6016 2011 343
E: kahpeng.loke@dorsett.com

Y Yuen
Public Relations Manager
T: +852 6223 0100
E: yohji.yuen@dorsett.com

Source: Dorsett Hospitality International

Written by asiafreshnews

November 27, 2014 at 1:53 pm

Posted in Uncategorized

Short Films Draw Big Partners: Tropfest SEA Announces Major Partnerships

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KUALA LUMPUR, Malaysia, Nov. 18, 2014 /PRNewswire/ — Tropfest Southeast Asia (Tropfest SEA), the Asian edition of the world’s largest short film festival, has announced major partnerships including Yayasan Sime Darby, Malaysia Major Events, and the Motion Picture Association (MPA).

Tropfest SEA Managing Director, Joe Sidek, says he is excited to bring regional storytelling to a wider audience.

“Stories are at the very heart of the Tropfest ethos,” notes Sidek. “It doesn’t matter what your age, budget, nationality, profession are — Tropfest SEA is a platform for every kind of story. Everybody has a story to tell, and with the support of these partnerships, we hope that each story will touch hearts across the region.”

The winner of Tropfest SEA 2015 will receive US$12,000, courtesy of Yayasan Sime Darby, as well as a five-day industry immersion trip to Los Angeles, sponsored by MPA.

Says Yayasan Sime Darby Chairman YABhg Tun Musa Hitam: “We are proud to be part of the second edition of Tropfest South East Asia through our sponsorship, which is in line with our arts and culture pillar.” Yayasan Sime Darby’s RM 700,00 sponsorship will contribute towards the production cost of the event.

“By having Tropfest in Malaysia, we will be on par with other host countries – Australia, UAE, USA and New Zealand,” adds Tun Musa. “Malaysia will be a platform for films and related arts in Southeast Asia.”

Support from MME for the second consecutive year marks out Tropfest SEA as one of the key events in Malaysia’scultural calendar for 2015.

“This event is a wonderful way to bring people together, especially those in the short film industry, said Tony Nagamaiah, General Manager of MME.

“This event will strengthen Malaysia’s appeal as a leading entertainment destination for major in line with our initiative for the Malaysia Year of Festivals 2015 celebration,” adds Nagamaiah

Mike Ellis, President and Managing Director, Asia Pacific, MPA, says: “We are delighted to continue our close association with Tropfest SEA. It is one of the most exciting film events in Asia, offering the next generation of filmmaking talent the opportunity to test their skills and exchange ideas.”

Tropfest SEA also announced partnerships with online video platform Viddsee, and J. Walter Thompson, one of the world’s leading creative agencies.

For more information about Tropfest SEA, please visit tropfest.com/sea.

CONTACT: Isabel Asquith, +604-261-3061.

Source: Tropfest SEA

Written by asiafreshnews

November 27, 2014 at 12:13 pm

Posted in Uncategorized

System Technology-i Mengumumkan Keluaran Global Alat Kolaborasi Tanpa Kertas Berpusat di Asia yang Pertama untuk Para Eksekutif

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TOKYO, 27 November 2014 /PRNewswire/ — System Technology-i Co. Ltd. (TSE: 2345) mengumumkan keluaran global @meeting paperless solution, yang merupakan platform kolaborasi tanpa kertas yang selamat untuk pasukan kepimpinan.

“Memandangkan perniagaan sedang berubah pantas, maka para eksekutif teratas juga perlu berbuat demikian. Meningkatnya penggunaan peranti pintar menunjukkan para eksekutif sedang mengubah cara mereka bekerja, menjadi lebih mudah alih dan turut membuat keputusan masa nyata yang lebih pantas,” kata Hidenori Matsuoka, Ketua Pegawai Eksekutif dan presiden System Technology-i. “Ini menggalakkan kami untuk memperluas penyelesaian tanpa kertas Jepun kami kepada pembuat keputusan Asia. Kami mahu membolehkan pasukan kepimpinan agar dapat melakukan kolaborasi masa nyata dalam persekitaran yang dipacu tugas.”

Penyelesaian itu berfungsi sebagai bilik persidangan maya, memberi ahli akses selamat kepada dokumen mesyuarat melalui peranti pintar seperti iPad, tablet Windows, komputer peribadi serta pelayar. Golongan eksekutif dengan alatan intuitif boleh berkongsi, mencatat, membincang dan turut mengundi pada dokumen.

Proses digital di sebalik @meeting paperless solution membenarkan organisasi untuk mengurangkan masa persediaan mesyuarat sebanyak 30% manakala kos mesyuarat pula sebanyak lebih 67%. Di Jepun, penyelesaian ini sudah pun digunakan oleh lebih 160 organisasi bersaiz sederhana dan besar.

Pada masa kini, Kepimpinan sudah mempunyai kepelbagaian tinggi dan tersebar secara global. Oleh itu, bagi menyokong organisasi Asia, @meeting ialah satu-satunya penyelesaian seumpamanya yang tersedia dalam Bahasa Inggeris, Bahasa Jepun, Bahasa Cina Tradisional dan juga Bahasa Cina Mudah.

“Rantau Asia mempunyai peluang signifikan jika diambil kira bilangan syarikat multinasional dan sebaran perniagaan yang terdapat di situ, terutamanya yang melibatkan aspek inovasi dan teknologi. Sebagai penyedia Jepun, kami mahu menyokong para eksekutif yang berpusat di Asia agar dapat membuat keputusan yang lebih pantas, memperbaiki kecekapan mesyuarat serta menggalakkan kolaborasi. Pada mulanya usaha ini akan bertumpu pada organisasi yang bertapak di Singapura dan Malaysia,” kata Matsuoka.

Untuk memenuhi semua keperluan pelanggan, penyelesaian ini boleh didapati dalam beberapa pilihan berbeza, bermula daripada mesyuarat bersaiz kecil dengan 20 pengguna serentak, sehinggalah mesyuarat bersaiz besar dengan sehingga 100 pengguna serentak. Penyelesaian ini juga boleh digunakan sebagai awan atau pelayan perkakas.

Maklumat lanjut: www.at-meeting.com

Sejak 15 tahun lalu System Technology-i merupakan peneraju pasaran Jepun yang menyediakan penyelesaian inovatif kepada sektor perniagaan. Syarikat ini mempunyai dua jenama –iStudy – yang menyediakan penyelesaian pembelajaran seperti Sistem Pengurusan Pembelajaran korporat, latihan teknikal dalam syarikat, kursus e-pembelajaran serta penerbitan teknikal dan – @meeting – yang merupakan sistem mesyuarat intuitif untuk mengumpul, berkongsi, meneliti dan turut melakukan kolaborasi fungsi secara selamat bagi pasukan kepimpinan.

System Technology-i Co. Ltd.
pr@systech-i.co.jp
www.at-meeting.com

Aga Szczesniak (Cik)
Nombor Telefon: +81 (0)3-5148-0400
E-mel: szczesniak@systech-i.co.jp

Written by asiafreshnews

November 27, 2014 at 11:18 am

Posted in Uncategorized

System Technology-i Announces the Global Release of First Asian-based Paperless Collaboration Tool for Executives

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TOKYO, Nov. 26, 2014 /PRNewswire/ — System Technology-i Co. Ltd. (TSE: 2345) is announcing a global release of the @meeting paperless solution, which is a secure, paperless collaboration platform for leadership teams.

“The business is changing rapidly and so the top executives need to. The increased use of the smart devices shows that executives’ are changing the way they work, being more mobile and taking quicker, real-time decisions.” says Hidenori Matsuoka, CEO and president of System Technology-i. “This encouraged us to expand our Japanese paperless solution to the Asian decision makers. We want to enable leadership teams to have real-time collaboration in a task driven environment.”

The solution works as a virtual conference room, giving participants a secure access via smart devices such as iPad, Windows tablet, PC and browsers, to the meeting documents. Executives with intuitive tools can share, annotate, discuss and vote on documents.

The digital process behind the @meeting paperless solution allows organizations to reduce the meeting preparation time by 30% and the meeting costs by over 67%. In Japan, the solution is being already used by more than 160 medium and big size organizations.

Today, Leadership is globally dispersed and highly diverse. Therefore, in order to support Asian organizations, @meeting is the only such solution available in English, Japanese, Traditional and Simplified Chinese.

“The Asia region has significant opportunities given the number of the MNC and its spread of business, particularly when it comes to innovation and technology. As a Japanese provider, we want to support executives based in Asia in faster decision making, improving meeting efficiency and fostering collaboration. At the beginning will address organizations based in Singapore and Malaysia.” says Matsuoka.

To meet all customers’ requirements, the solution is available in different options, starting from small size meetings with 20 concurrent users, through big size meetings with up to 100 concurent users. Also, it can be deployed as an appliance server or cloud.

More information: http://www.at-meeting.com

Since 15 years System Technology-i is a Japanese market leader providing innovative solutions to business sector. It has 2 brands – iStudy – providing learning solutions such as corporate Learning Management System, in-house technical trainings, e-learning courses and technical publications, and – @meeting – an intuitive meeting system of securely compiling, sharing, viewing and collaborating functions for leadership teams.

System Technology-i Co. Ltd.
pr@systech-i.co.jp
http://www.at-meeting.com

Aga Szczesniak (Ms)
TEL: +81 (0)3-5148-0400
Email: szczesniak@systech-i.co.jp

Source: System Technology-i Co. Ltd
Related stocks: Tokyo:2345
Related Links:
http://www.at-meeting.com

Written by asiafreshnews

November 27, 2014 at 11:08 am

Posted in Uncategorized