Cost of sales however grew 28.4% to $9.4 million from $7.3 million previously due to higher costs in Hotel Royal Bangkok @ Chinatown.
SINGAPORE (Mar 1): Hotel Royal posted a 92.5% decline in fourth quarter earnings to $0.2 million in 4Q17 compared to its earnings of $2.9 million in 4Q16 on the back of higher operating expenses.
Revenue for quarter grew by 2.6% to $15.5 million from $15.1 million previously, due to higher room revenue and higher food & beverage revenue in Hotel Royal Bangkok @ Chinatown.
