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Hotel Grand Central's FY17 earnings fall 27% to $38.6 mil on absence of one-off gain on disposal

Stanislaus Jude Chan
Stanislaus Jude Chan3/1/2018 06:44 PM GMT+08  • 2 min read
Hotel Grand Central's FY17 earnings fall 27% to $38.6 mil on absence of one-off gain on disposal
SINGAPORE (Mar 1): Hotel Grand Central saw its earnings fall 27% to $38.6 million for the FY17 ended December, from $52.9 million a year ago.
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SINGAPORE (Mar 1): Hotel Grand Central saw its earnings fall 27% to $38.6 million for the FY17 ended December, from $52.9 million a year ago.

This was mainly due to the absence of a one-off gain of $28.4 million on the disposal of Hotel Grand Chancellor, Surfers Paradise in 3Q16.

Total revenue rose 8% to $163.0 million in FY17, from $151.4 million a year ago.

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