Operating profit in the hotel investments segment decreased $1.0 million to $0.34 million while operating profit in the property sales segment decreased $1.5 million to $1.5 million.
SINGAPORE (Nov 14): Banyan Tree Holdings sank deeper into the red with a net loss of $9.4 million for the 3Q19 ended Sept, compared to a $7 million loss a year ago.
The operator of luxury resorts attributed the lower bottomline to lower operating profit from the hotel investments and property sales segments.
