Vested
3Q Results
Rev +4%
Profits +235%
Due to the recent flooding and unavailability of certain essential services in Brisbane,Stamford Plaza Brisbane(SPB)has been temporarily closed w.e.f. 12 January 2011. The floods have since receded and full recovery efforts are well underway, with SPB targeted to re-open and resume full operations by end-March 2011.
Barringnunforeseen circumstances,the overall net impact of SPB's temporary closure /any flood-related losses are not expected to be material for the Group, which has in place comprehensive all-risks insurance cover for property / material damage and business interruption.
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