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Article: SINGAPORE'S RAFFLES HOLDINGS REPORTS HIGHER NET PROFIT IN 2000.
- Article from:
- AsiaPulse News
- Article date:
- February 8, 2001
CopyrightCOPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SINGAPORE, Feb 8 Asia Pulse - Raffles Holdings Limited, Singapore's leading hotel and resort owner, has posted a turnover of S$336.3 million in 2000, up 13.9 per cent from S$295.2 million in 1999.
Net profit after tax and extraordinary items increased 37.1 per cent to S$79.6 million in 2000 compared to S$58.1 million in 1999, it said in a statement.
Earnings per share after extraordinary items for 2000 was 3.83 cents, an increase of 6.4 per cent over 3.60 cents registered in 1999.
On a segmental basis, turnover for the hotels and resorts segment grew 16.8 per cent to S$259.9 million from S$222.6 million in 1999.
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