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Global Premium Hotels posts 13.5% fall in 2Q earnings to $2.7 mil on lower room sales

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Global Premium Hotels posts 13.5% fall in 2Q earnings to $2.7 mil on lower room sales

PC Lee Published on Wed, Aug 03, 2016 / 10:02 PM GMT+8

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SINGAPORE (Aug 3): Global Premium Hotels, the operator of Fragrance and Parc Sovereign hotels, saw a 13.5% fall in 2Q earnings to $2.7 million from the previous year.

2Q earnings per share fell to 0.26 cent from 0.3 cent in the previous year.

For the three months ended June, revenue fall 2.7% to $14.6 million, dargged down by lower hotel room revenue recognised from most of its hotels.

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