Corporate digest

GuocoLand

GUOCOLAND posted a higher first quarter net profit of S$165.55 million, up from S$25.64 million for a year-ago period. Earnings per share were 14.92 Singapore cents compared to 2.31 Singapore cents. Revenue for the first quarter ended Sep 30 jumped 79 per cent to S$361.98 million.

GL

GL has posted an after-tax profit of US$17.4 million for the first quarter ended 30 September 2017, up 58 per cent from US$11 million in the previous corresponding period on higher hotel revenue offset by lower earnings from its gaming and oil and gas units. Total revenue came to US$98 million, from US$97.8 million. Formerly known as GuocoLeisure Ltd, GL said hotel revenue was higher despite fewer rooms available for sale due to the refurbishment of the Cumberland Hotel in this quarter. This was mainly attributable to higher F&B, meetings and events revenue as well as overall improvem…