, Singapore
136 views
Mandai Rainforest Resort. Photo from Banyan Group

Banyan Tree’s profit jumps 45% in H1

Operating profit increased to $43.3m.

Banyan Tree Holdings Limited’s profit attributable to shareholders jumped by 45% year on year to $9m during the first half of the year.

During the period, operating profit increased to $43.3m, whilst a 15% YoY growth in revenue was recorded across all business segments.

The company said it was further bolstered by $168.8m in residential sales, and 10 new agreements signed in the year.

Additionally, 10 new management contract signings were secured across Vietnam, Cambodia, Montenegro, Indonesia, and China. 
 

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.