SHR Conducts Annual General Meeting for 2025, Declares Dividend and Outlines Future Strategies
S Hotels and Resorts Public Company Limited held its Annual General Meeting, announcing a dividend payment and strategic plans for growth in 2025.
S Hotels and Resorts Public Company Limited (SET: SHR), managed by Singha Estate Public Company Limited, held its Annual General Meeting on April 24, 2025.
The meeting’s primary agenda was to review the company’s strong performance in 2024 and to approve a dividend payment of THB 0.03 per share, totaling THB 107,809,200, which aligns with the company’s dividend policy.
Performance Highlights
Mr. Michael Marshall, CEO, reported that SHR achieved total revenue of THB 10.35 billion, a 7% year-on-year increase—the highest ever recorded. This superlative performance included a net profit of THB 133.9 million, a 55% increase over the previous year.
Future Strategies
SHR looks to strengthen its portfolio in 2025 through:
- Portfolio Efficiency Improvement: Renovating properties in the UK.
- Defensive Renovation Projects: Upscaling properties during off-peak seasons.
- Product Development: Launching the SAii Beach Club and enhancing MICE services.
- Brand Enhancement Strategy: Elevating SAii Hotels & Resorts to a globally recognized brand in sustainable luxury.
The meeting underscored the commitment to rewarding shareholders and ensuring long-term, sustainable growth for the company.
