Earnings per share (EPS) on a diluted basis stood at 3.86 cents from 106.08 cents in the year before.
Hotel Properties Limited has reported earnings of $27.2 million for the FY2024 ended Dec 31, 2024, 95.1% lower y-o-y, even though revenue grew on a y-o-y basis.
The earnings plunge was due to lower net fair value gains reported during the year. In FY2024, HPL reported net fair value gains of $96.6 million compared to FY2023’s $645 million. The gains were for the group’s Singapore investment properties.
