Revenue for the hotel division increased 6.3% to $30.8 million from $29.0 million in 3Q16, due mainly to higher revenue from the hotels in Singapore, Tunis, Mauritius and Zanzibar, partially offset by lower revenue from the hotels in Australia and Maldives.
SINGAPORE (Nov 9): Bonvests announced 3Q17 earnings decreased by 88% to $3.9 million from nearly $33 million in 3Q16.
Revenue for the quarter increased by 2.8% to $54.7 million from $53.2 million last year, mainly to higher revenue from the hotel and industrial divisions, partially offset by lower revenue from property-rental division.
