Hotel Properties' (SGX:H15) attributable profit to shareholders plunged during the second half of 2024 to SG$32.1 million from SG$578.2 million a year earlier, according to a filing with the Singapore Exchange on Thursday.
Earnings per share dropped to SG$0.0547 compared with SG$1.1001 in the comparable period.
Revenue jumped to SG$345.6 million from SG$323.1 million a year earlier, mainly due to the opening of Six Senses Kanuhura in late 2023 and Four Seasons Hotel Osaka in August 2024.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.