Banyan Tree Holdings Limited reported unaudited group earnings results for the fourth quarter and full year ended December 31, 2009. For the quarter, the company reported profit attributable to equity holders of the company of SGD 3 million or 0.39 cents per diluted share on revenue of SGD 94.0 million compared to loss attributable to equity holders of the company of SGD 7 million or 0.92 cents per diluted share on revenue of SGD 90.9 million, a year ago. Operating profit was SGD 20.4 million compared to SGD 10.9 million a year ago. Profit from operations was SGD 11.7 million compared to SGD 0.601 million a year ago. Profit before taxation was SGD 8.3 million compared to loss before taxation of SGD 2.44 million a year ago. Total comprehensive loss attributable to equity holders of the company was SGD 45.1 million compared to SGD 1.9 million a year ago. PAT improved by SGD 13.7 million from loss after taxation of SGD 8.4 million in fourth quarter of 2008 to SGD 5.3 million. This was in line with higher operating profit in the current quarter coupled with lower income tax expenses. For the year to date, the company reported profit attributable to equity holders of the company of SGD 3.01 million or 0.39 cents per diluted share on revenue of SGD 313.3 million compared to profit attributable to equity holders of the company of SGD 7.03 million or 0.92 cents per diluted share on revenue of SGD 412.612 million, a year ago. Operating profit was SGD 69.5 million compared to SGD 93.8 million a year ago. Profit from operations was SGD 29.6 million compared to SGD 55.73 million a year ago. Profit before taxation was SGD 14.74 million compared to loss before taxation of SGD 42.34 million a year ago. Total comprehensive loss attributable to equity holders of the company was SGD 48.7 million compared to total comprehensive income attributable to equity holders of the company of SGD 2.5 million a year ago. Net cash flows from operating activities were SGD 34.2 million compared to SGD 49.7 million a year ago, mainly due to profit before tax of SGD 14.7 million adjusted for non-cash items of SGD 57.4 million, comprising mainly depreciation and amortization of island rental of SGD 39.9 million and finance expenses of SGD 19.0 million. This was largely due to capital expenditure of SGD 45.6 million which was largely expended on InOcean vil as in Angsana Velavaru and refurbishments of Banyan Tree Bangkok.

Banyan Tree Holdings Limited announced that they will report Q4, 2009 results on 02/25/2010

Banyan Tree Holdings Limited, Q4 2009 Earnings Call, Feb-25-2010