ANNUAL REPORT FY2015
27
REVENUE
The Group derives its revenue
mainly from sales from rooms, food
and beverage, rental income
from investment properties, and
income from financial instruments.
In FY2015 ended 31 December,
the Group’s revenue increased
by a 1.0% to $57.3 million from
$56.7 million, boosted by a full
year contribution from Burasari
Resort, Phuket, Hotel Royal
Bangkok @ Chinatown and the
newly acquired The Baba House in
Melaka. This was, however, offset
by lower sales from some of the
Group’s hotels. The rental income
from investment properties in New
Zealand and Malaysia, when
translated to Singapore dollars,
suffered a decline due to the
weaker New Zealand dollar and
Malaysia Ringgit.
Overall, revenue from the Hotel
segment increased by 1.7% in
2015 to $47.6 million, thanks to the
contribution from its hotel assets in
Thailand. The Group’s Properties
segment dipped by 1.9% to $9.1
million mainly due to the weaker
New Zealand dollar translation
of its New Zealand revenue to
the Singapore dollar and lower
rental income from the investment
property in Malaysia. The Group’s
investment portfolio, comprising
financial instruments, decreased
marginally by 0.5% to $0.6 million.
On a geographical basis, revenue
from our Singapore operations
(which accounted for 52.0% of
total sales in FY2015) decreased
by 6.7% to $29.8 million, while
Malaysia (accounting for 17.3% of
total sales) declined 24.3%% to $9.9
million. Thailand, accounting for
19.2% of total sales, saw a 123.6%
increase to $11.0 million, while
New Zealand (which accounts for
11.5% of total sales), decreased by
2.2% to $6.6 million.
