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Hotel Royal posts 92.5% drop in 4Q earnings to $0.2 mil on higher operating expenses

Michelle Zhu
Michelle Zhu3/1/2018 05:44 PM GMT+08  • 2 min read
Hotel Royal posts 92.5% drop in 4Q earnings to $0.2 mil on higher operating expenses
SINGAPORE (Mar 1): Hotel Royal posted a 92.5% decline in fourth quarter earnings to $0.2 million in 4Q17 compared to its earnings of $2.9 million in 4Q16 on the back of higher operating expenses.
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SINGAPORE (Mar 1): Hotel Royal posted a 92.5% decline in fourth quarter earnings to $0.2 million in 4Q17 compared to its earnings of $2.9 million in 4Q16 on the back of higher operating expenses.

Revenue for quarter grew by 2.6% to $15.5 million from $15.1 million previously, due to higher room revenue and higher food & beverage revenue in Hotel Royal Bangkok @ Chinatown.

Cost of sales however grew 28.4% to $9.4 million from $7.3 million previously due to higher costs in Hotel Royal Bangkok @ Chinatown.

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