Hotel Properties' Attributable Profit Plunges in H2 2024

MT Newswires

02-28

Hotel Properties' (SGX:H15) attributable profit to shareholders plunged during the second half of 2024 to SG$32.1 million from SG$578.2 million a year earlier, according to a filing with the Singapore Exchange on Thursday.

Earnings per share dropped to SG$0.0547 compared with SG$1.1001 in the comparable period.

Revenue jumped to SG$345.6 million from SG$323.1 million a year earlier, mainly due to the opening of Six Senses Kanuhura in late 2023 and Four Seasons Hotel Osaka in August 2024.

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