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Banyan Tree narrows losses to $12.3 mil in 2Q

Stanislaus Jude Chan
Stanislaus Jude Chan8/10/2017 07:44 PM GMT+08  • 2 min read
Banyan Tree narrows losses to $12.3 mil in 2Q
SINGAPORE (Aug 10): Banyan Tree Holdings reported 2Q17 losses narrowed to $12.3 million from $14.4 million in losses a year ago.
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SINGAPORE (Aug 10): Banyan Tree Holdings reported 2Q17 losses narrowed to $12.3 million from $14.4 million in losses a year ago.

Revenue in 2Q17 climbed 6% to $69.8 million, from $65.9 million a year ago.

Revenue from its hotel investments segment grew 10% to $42.0 million in 2Q17, on the back of higher contribution from Thailand and Seychelles.

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