Shangri-La Asia Limited provided consolidated earnings guidance for the six months ended June 30, 2013. The board anticipates that the Group will record a material decline in profit in the consolidated financial results for the six months ended June 30, 2013 as compared with the corresponding period last year. The anticipated decline in profit is largely attributable to the decline in the operating profits of the Group's hotels in Mainland China, and increase in pre-opening expenses for hotels opened and opening in 2013 and in net interest costs following increased drawdown on borrowing facilities.