Minor International Plc (MINT) reported a reviewed second-quarter net profit of 429.17 million baht, up 23.29% year-on-year.
From January to June, the reviewed net profit totalled 1.84 billion baht, up 18.95% year-on-year, the company said in a statement to the SET on Friday.
In the second quarter, revenue grew by 23% year-on-year, with restaurant services posting the highest growth of 15% due to the strong organic business operations, as well as the consolidation of Beijing Riverside & Courtyard in China, which was acquired at the end of 2012. Hotel and mixed-use business showed a 6% revenue growth, despite the temporary closure of Anantara Bophut Samui Resort & Spa, Anantara Veli Resort & Spa in the Maldives and Royal Garden Paza Bangkok for renovation, and permanent closure of Hua Hin Marriott Resort & Spa since July 2012, together with the negative foreign exchange impact on the overseas business from the strengthening of the Thai Baht.
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