Corporate digest

Banyan Tree Holdings

The mainboard-listed resort operator sank further into the red with a net loss of S$9.4 million for its third quarter ended Sept 30, compared to a S$7 million loss a year ago.

Its bottom line was weighed down by lower operating profit from the hotel investments and property sales segments, higher head office expenses, as well as higher depreciation of property, plant and equipment and right-of-use assets.