24 Feb '11, 12pm

Banyan Tree's Q4 net profit jumps 6-fold

Banyan Tree's Q4 net profit jumps 6-fold

SINGAPORE: Mainboard-listed luxury resorts operator Banyan Tree said its fourth-quarter net profit increased by six-fold to S$19.5 million. This was mainly due to gains on the sale of Dusit Laguna Phuket in October last year. However, the higher profit was partially reduced as a result of the adverse impact of the anti-government riots in Bangkok in April and May last year on its Hotel Investments and Property Sales segments. As a result, revenue for the three months to December fell 13 per cent to S$82 million. Going forward, Banyan Tree said it expects to open five new resorts in the next 12 months. These comprise three in China, one in India and one in Mauritius. It's also launching an estimated 11 spas under management in the next 12 months. Banyan said 2011 will be a challenging year, given the continuing unstable Thai political situation coupled with the weaker Europ...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

Tweets

CapitaLand full year net profit up 21% on-year

channelnewsasia.com 22 Feb '11, 5am

SINGAPORE: Property developer CapitaLand achieved net profit of S$1.27 billion for the full year ended December 31, a 21 p...

[CNA] Raffles Medical Group's full year net profit up 19.5%

[CNA] Raffles Medical Group's full year net pro...

channelnewsasia.com 21 Feb '11, 4am

SINGAPORE: Healthcare services provider, Raffles Medical Group, has reported a 19.5 per cent increase in full year net pro...

Maybank Singapore's H1 profit rises 15.7%

channelnewsasia.com 21 Feb '11, 12pm

SINGAPORE : Maybank Singapore has said its first-half profit before tax rose 15.7 per cent to S$197.5 million for the peri...

PSA's net profit rises 20.8% to S$1.2b

PSA's net profit rises 20.8% to S$1.2b

channelnewsasia.com 04 Mar '11, 8am

SINGAPORE : Port operator PSA International said its net profit for 2010 rose 20.8 per cent to S$1.2 billion. That's up fr...

RWS revenue, profits rise in Q4 (via ST iPhone ...

straitstimes.com 23 Feb '11, 3am

Genting Singapore on Tuesday said Resorts World Sentosa (RWS) raked in $775.2 million in revenue in the three months to De...

SINGTEL said yesterday that its third-quarter n...

asiaone.com 11 Feb '11, 9am

Read also: » SingTel mobile client base nears 400 million SINGTEL said yesterday that its third-quarter net profit climbed...

Thailand's economy returns to growth in Q4

channelnewsasia.com 21 Feb '11, 6am

BANGKOK: Thailand's economy returned to growth in the fourth quarter of 2010, snapping out of a brief recession on the bac...

British economy shrinks by 0.6% in Q4

British economy shrinks by 0.6% in Q4

channelnewsasia.com 25 Feb '11, 10am

LONDON : Britain's economy shrank by a worse-than-expected 0.6 per cent in the fourth quarter, official data showed on Fri...