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Banyan Tree sees 1Q earnings soar to $20.2 mil on one-off gain

Stanislaus Jude Chan
Stanislaus Jude Chan5/14/2018 11:58 PM GMT+08  • 2 min read
Banyan Tree sees 1Q earnings soar to $20.2 mil on one-off gain
SINGAPORE (May 14): Banyan Tree Holdings saw its earnings surge to $20.2 million for the 1Q ended March, from $1.2 million a year ago.
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SINGAPORE (May 14): Banyan Tree Holdings saw its earnings surge to $20.2 million for the 1Q ended March, from $1.2 million a year ago.

This was mainly due to the one-off gain of $16.1 million from the dilution of the group’s interest in Banyan Tree Assets (China) Holdings (BTAC) from 50% to 22.8%.

1Q18 revenue rose 9% to $98.2 million, from $90.4 million a year ago.

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