However, the company's bottomline was weighed down by a loss of more than $16 million for its associates and joint ventures, which HPL says suffered from higher borrowing costs.
Hotel Properties Limited, whose managing director Ong Beng Seng is involved in a corruption probe, has reported a loss of $17.2 million for its 1HFY2023, reversing from earnings $1.9 million in the year earlier.
Revenue in the same period was up 27.9% y-o-y to $319 million, as its hotels see better performance with the resumption of travel.
