Hotel Grand Central's FY17 earnings fall 27% to $38.6 mil on absence of one-off gain on disposal

SINGAPORE (Mar 1): Hotel Grand Central saw its earnings fall 27% to $38.6 million for the FY17 ended December, from $52.9 million a year ago.

This was mainly due to the absence of a one-off gain of $28.4 million on the disposal of Hotel Grand Chancellor, Surfers Paradise in 3Q16.