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Global Premium Hotels Q1 earnings down 4.9%

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One of Singapore's largest hotel chains, GP Hotels operates 23 economy-tier and mid-tier hotels under the Fragrance and Parc Sovereign brands, with 1,983 rooms in total.

Singapore

THE continuing decline in hotel room rates put pressure on Global Premium Hotels' (GPH) first quarter results.

Net profit for the three months ended March 31 fell 4.9 per cent to S$3.19 million from the preceding year's S$3.36 million, the group said in a Singapore...

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