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Bonvests posts $7.2 mil FY2023 earnings despite competitive hotel landscape

Bryan Wu
Bryan Wu • 1 min read
Bonvests posts $7.2 mil FY2023 earnings despite competitive hotel landscape
Earnings for FY2023 came in 65.4% lower compared to $20.7 million in FY2022.
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Hotel operator and property developer Bonvests Holdings (SGX:B28)  (SGX:B28) has reported earnings of $7.2 million for the FY2023 ended Dec 31, 2023, 65.4% lower than its earnings of $20.7 million for FY2022.

Earnings per share for FY2023 stood at 1.785 cents, lower than the 5.161 cents for FY2023.

For the full-year period, revenue increased slightly by 3.7% y-o-y to $216.8 million, mainly due to higher revenue from the group’s hotel division.

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