Frasers Hospitality's earnings rise on better overall performance
Full-year distributable income up 10% y-o-y
Singapore
THE addition of Novotel Melbourne on Collins and better performance from all country portfolios apart from Singapore and Japan helped lift Frasers Hospitality Trust's (FHT) distributable income in the fourth quarter.
FHT, a stapled group comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust, on Friday said distributable income rose 8.5 per cent year-on-year to S$23.8 million, boosted by the Australia, United Kingdom, Malaysia and Germany portfolios.
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