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Bonvests 3Q earnings drop 88% to $3.93 mil

Samantha Chiew
Samantha Chiew11/9/2017 05:59 PM GMT+08  • 2 min read
Bonvests 3Q earnings drop 88% to $3.93 mil
SINGAPORE (Nov 9): Bonvests announced 3Q17 earnings decreased by 88% to $3.9 million from nearly $33 million in 3Q16.
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SINGAPORE (Nov 9): Bonvests announced 3Q17 earnings decreased by 88% to $3.9 million from nearly $33 million in 3Q16.

Revenue for the quarter increased by 2.8% to $54.7 million from $53.2 million last year, mainly to higher revenue from the hotel and industrial divisions, partially offset by lower revenue from property-rental division.

Revenue for the hotel division increased 6.3% to $30.8 million from $29.0 million in 3Q16, due mainly to higher revenue from the hotels in Singapore, Tunis, Mauritius and Zanzibar, partially offset by lower revenue from the hotels in Australia and Maldives.

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