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Revaluation gains lift Banyan's Q4 profit
Revenue down 6% as fee-based and hotel investment segments post lower sales
Published Thu, Feb 26, 2015 · 09:50 PM
Singapore
LIFTED by revaluation gains from its properties in Seychelles, resort operator Banyan Tree chalked up a 13 per cent year-on-year rise in net profit to S$4.13 million for the fourth quarter ended Dec 31, 2014.
Revenue fell 6 per cent to S$91.83 million as both its fee-based and hotel investments segments recorded lower rev…
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