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Banyan Tree profitable for first time since FY2015

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

This was largely due to a S$21.2 million increase in other income, …

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