The company recorded a surge in FY2023 operating profit which more than doubled to $90.1 million. Core operating profit also experienced a substantial increase to $51.9 million, contributing to FY2023 earnings.
Hotel operator Banyan Tree Holdings (SGX:B58
) has recorded earnings of $31.7 million for the FY2023 ended Dec 31, 2023, a significant increase over its earnings of $767,000 in FY2022 when the company first reversed into the black after the Covid-19 pandemic.
This comes on the back of a 21% y-o-y increase in revenue to $327.9 million in FY2023, with all operating segments recording better performances as tourism rebounded.
