But cost of sales rose 16% to $124.6 million, resulting in a 24% rise in gross profit to $40.6 million.
SINGAPORE (Nov 13): Hotel Properties reported 3Q earnings rose 31.5% to $42.2 million from $32.1 million a year ago.
Revenue rose 18% to $165 million from $140 million a year ago mainly due to the sale of completed condominium units from the Tomlinson Heights development as well as higher contribution from the group’s hotels and resorts, particularly those in Bali, Indonesia and the Maldives.
