Home Capital Results

CDL Hospitality Trusts’ 3Q21 NPI grow 34.8% y–o-y to $20.5 mil

Atiqah Mokhtar
Atiqah Mokhtar10/29/2021 9:17 AM GMT+08  • 3 min read
CDL Hospitality Trusts’ 3Q21 NPI grow 34.8% y–o-y to $20.5 mil
The stronger performance was underpinned by contributions from overseas markets including New Zealand, UK and Germany.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

CDL Hospitality Trusts (CDLHT) has reported net property income (NPI) of $20.5 million for the 3QFY2021 ended September, up 34.8% y-o-y from $15.2 million previously, reflecting ongoing recovery from the pandemic.

Revenue for the period grew 32.8% y-o-y to $40 million.

According to its 3QFY2021 operational update released on Oct 29, the improved NPI contribution arose mainly from the New Zealand, UK, Germany and Italy hotels as well as Angsana Velavaru in the Maldives, which increased collectively by $8.5 million y-o-y during the period.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.