Frasers Hospitality Trust Financial Results Ending 31 Mar 2017

“Our strategy to diversify our earnings base has continued to serve us well. In this quarter, we have seen higher GR and NPI contributions from Australia as a result of the addition of Novotel Melbourne on Collins and better performance from our Sydney properties. Our UK and Malaysia properties have also reported healthy gains in GOR and GOP despite their respective challenging trading environments. While the strength of the Japanese yen has affected the hotel occupancy levels across Kobe including ANA Crowne Plaza Kobe, we will continue to work closely with its operator to improve the hotel’s room and banquet revenues. Going forward, we remain focused on pursuing growth opportunities through asset enhancement initiatives and value creating acquisitions by leveraging on the strength of our balance sheet.”

Ms Eu Chin Fen, Chief Executive Officer

1.2063 cents SGD (2Q ending 31 Mar 2017)

Read moreFrasers Hospitality Trust Financial Results Ending 31 Mar 2017

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