SUBSCRIBERS

Banyan Tree profitable for first time since FY2015

Published Tue, Feb 27, 2018 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Singapore

LUXURY resort developer Banyan Tree Holdings is back in the black for the first time since FY2015, when it sunk into its worst loss ever.

The company booked a S$12.93 million profit in 2017, compared to its S$16.2 million loss in 2016. Its earnings per share stood at 1.67 cents, up from a loss per share of 2.13 cents.

Copyright SPH Media. All rights reserved.