HOTEL ROYAL
̛Ө
ROYAL MEMORIES
30
The Group’s profit before interest and income tax declined by 39.9% to
$10.8 million in 2015, mainly contributed by the Group’s hotel operations.
The property segment was flat. Profit attributable to financial investment
surged 86.0% from the disposal of some quoted investments.
The dip in profit before interest and income tax from Singapore operations
was largely from a decrease in room revenue and food and beverage
sales as a result of the downward adjustment of room rates and lower
room occupancy as well as an increase in room inventory.
The decrease in profit before interest and income tax in Malaysia was
mainly due to lower room occupancy and room rates, and the write-off
of goodwill from the purchase of The Baba House, while the profit before
interest and income tax in New Zealand improved by 17.1% due to better
take up rate in Grand Complex.
Thailand, due to the weak performance of Hotel Royal Bangkok @
Chinatown during its first year of operation after the upgrading and the
impairment loss of its building, posted a decrease in profit before interest
and income tax. This was offset by the positive contribution from Burasari
Resort in Phuket.
PROFITABILITY
BY SEGMENT (%)
PROFITABILITY
BY GEOGRAPHICAL
LOCATION (%)
Hotel segment
Properties segment
Investment segment
Singapore
Malaysia
New Zealand
Thailand
FY2015
FY2015
FY2014
69
28
3
43
97
46
33
(25)
11
(5)
68
17
3
12 FY2014
Financial year ended 31 Dec
Increase
2015
2014
(Decrease)
$’000
%
$’000
%
$’000
%
Hotel segment
4,617
43
12,275
69 ( 7,658) ( 62.4%)
Properties segment
4,972
46
4,991
28
( 19) ( 0.4%)
Investment segment
1,168
11
628
3
540 86.0%
Profit before interest
10,757 100
17,894 100 ( 7,137) ( 39.9%)
and income tax
Financial year ended 31 Dec
Increase
2015
2014
(Decrease)
$’000
%
$’000
%
$’000
%
Singapore
10,412
97 12,172
68 ( 1,760)
( 14.5%)
Malaysia
( 2,659) ( 25)
2,139
12 ( 4,798) ( 224.3%)
New Zealand
3,521
33
3,007
17
514
17.1%
Thailand
( 517)
( 5)
576
3 ( 1,093) ( 189.8%)
Profit before
10,757
100 17,894 100 ( 7,137) ( 39.9%)
interest and
income tax
