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Bonvests profit surges to $56.2m on stronger revenue, revaluation gains

Published Thu, Feb 20, 2014 · 10:00 PM
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HOTEL and property group Bonvests Holdings' net profit attributable to equity-holders more than doubled to $56.23 million for the year ended Dec 31, from the preceding year's $24.6 million. This came on the back of stronger revenue and revaluation gains on its investment properties.

Revenue for last year rose 11.5 per cent to $183.97 million, as the increase in contributions from the hotel and industrial divisions partly offset lower contributions from the property-rental and inv…

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