Singapore's Banyan Tree half-year revenue rises 14% on higher property sales

Banyan Tree Holdings

13/08/2026 14:27

Overview
Singapore hospitality group's half-year revenue rose 14% yr/yr to S$235.2 mln
Profit after tax for the period increased 47% yr/yr to S$16.9 mln
Operating profit for the half-year rose 30% yr/yr

Outlook
Company expects to launch up to US$1 bln of new luxury residential projects in Phuket over the next two to three years

Result Drivers
PROPERTY SALES - Cost of properties sold rose 49%, indicating higher property sales contributed to revenue growth
OPERATING COSTS - Salaries and related expenses increased 5% and sales and marketing expenses rose 13%, reflecting higher operating costs
LOWER IMPAIRMENT LOSSES - Impairment losses on financial assets decreased 47%, supporting improved profitability

Company press release: ID:nSN7Hw0h4

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
S$235.20 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)