Contribution from the group’s resorts in the Maldives also improved with the completion of upgrade of water villas at the Four Seasons Resort Maldives at Kuda Huraa, says the group in its filing on Friday.
SINGAPORE (Aug 11): Wheelock-owned Hotel Properties posted earnings of $16.3 million for the 2Q17 ended June, up 23.3% from the $13.2 million reported a year ago on the back of increased revenue over the quarter.
The group achieved a revenue of $190.2 million for 2Q17, representing a 46.6% increase from the $129.7 million recorded in 2Q16 due mainly to the sale of completed condominium units from the group’s Tomlinson Heights development.
