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Amara posts 32% 1Q earnings rise to $2.1 mil on higher revenue & forex gain

Michelle Zhu
Michelle Zhu5/14/2018 05:46 PM GMT+08  • 2 min read
Amara posts 32% 1Q earnings rise to $2.1 mil on higher revenue & forex gain
SINGAPORE (May 14): Amara Holdings reported earnings of $2.1 million for the 1Q ended March, up 32% from its restated earnings of $1.6 million a year ago due to higher revenue and other income.  
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SINGAPORE (May 14): Amara Holdings reported earnings of $2.1 million for the 1Q ended March, up 32% from its restated earnings of $1.6 million a year ago due to higher revenue and other income.

Revenue for the quarter grew by 13% to $22.6 million compared to restated 1Q17 revenue of $20 million a year ago, lifted by higher contributions from its Hotel Investment and Management segment.

Other income grew more than fourfold to $1.4 million from $0.4 million on the back of a $1.2 million foreign exchange gain.

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