Thursday, Jan 29, 2015Thursday, Jan 29, 2015

GuocoLeisure reports 12.3% rise in Q2 net profit to $17.3 million

Published on Jan 17, 2014 5:36 PM

GuocoLeisure has posted a 12.3 per cent rise in second quarter net profit to US$13.7 million (S$17.3 million).

Revenue for the three months to Dec 31 was up 7.3 per cent at US$106.7 million.

However, net profit for the first six months fell by 14.9 per cent to US$30.2 million despite revenue rising by 5.2 per cent to US$214.5 million.

The higher revenue was generated by the hotel segments and property development segment as a result of improved revenue per average room (RevPAR) and land disposal respectively.

If you are not a subscriber, you can get instant, unlimited access here