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Banyan Tree kept at 'accumulate' by Phillip on higher property sales, contract wins

By Samantha Chiew

/ The Edge Singapore |

March 11, 2019 1:42 PM SGT

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SINGAPORE (Mar 11): Banyan Tree on Feb 27 announced that its 4Q18 earnings have increased by 44% y-o-y to $5.63 million, while revenue increased by 4% y-o-y to $92.8 million.

Other income surged 171% to $24.3 million and share of results of associates saw a significant increase to $12.3 million compared to $0.86 million last year.

For FY18, earnings were 4% up from the previous year at $13.5 million, with revenue also increasing by 4% to $329.0 million.

This article - Banyan Tree kept at 'accumulate' by Phillip on higher property sales, contract wins is originally from TheEdgeSingapore.com

Read also:

Banyan Tree sinks lower into the red in 3Q

Banyan Tree kept at 'accumulate' amid continued weakness in Thailand

Banyan Tree launches Skypark, Phuket project in Singapore

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