Revenue fell 0.3% to $577.6 million, dragged down by lower contribution from the hotels and resorts, particularly those in the Maldives, which were affected by softer demand and on-going refurbishment works.
SINGAPORE (Feb 27): Hotel Properties recorded a 27% rise in FY16 earnings to $103.5 million from a year ago.
The bottomline was lifted by a gain on disposal of two plots of land in Bangkok, Thailand, which increased other operating income to $62 million from $22.3 million a year ago.
