Shangri-La profits up for 2005

Shangri-La Asia Ltd. said Tuesday its 2005 net profit was US$150.99 million, up from US$113.52 million the year before. Revenue in 2005 rose to US$842 million from US$725.5 million.

Hong Kong-listed Shangri-La Asia didn’t provide a reason for its increased earnings, but will hold a press briefing later Tuesday.