Banyan Group records a doubling of profit for FY2023
Banyan Tree Holdings Limited ("The Group") showcased robust performance in FY23, with a surge in Operating Profit, more than doubling to $90.1 million. Additionally, Core Operating Profit experienced a substantial increase, reaching S$51.9 million, contributing to a PATMI of S$31.7 million for the fiscal year ending on 31 December 2023 ("FY23").
Read article