Banyan Tree Holdings Full Year 2023 Earnings: Revenues Miss Expectations

Banyan Tree Holdings (SGX:B58) Full Year 2023 Results

Key Financial Results

• Revenue: S$379.0m (up 40% from FY 2022).
• Net income: S$31.7m (up by S$30.9m from FY 2022).
• Profit margin: 8.4% (up from 0.3% in FY 2022). The increase in margin was driven by higher revenue.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Banyan Tree Holdings Revenues Disappoint

Revenue missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Hospitality industry in Singapore.

Performance of the Singaporean Hospitality industry.

The company's shares are down 1.6% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Banyan Tree Holdings.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.