Far East Orchard’s attributable profit up by 7.5% YoY in H1
The group’s revenue and operating profit declined by 6.1% and 14.4%, respectively.
Far East Orchard reported that its attributable profit for the first half of 2025 was $19.6m, an increase of 7.5% year on year (YoY).
Excluding the $9.1m one-off gain from the acquisition of an additional 6.7% interest in Woodlands Square, the attributable profit would have declined to $10.5m.
The group reported lower revenue and operating profit of $91.3m and $30.9m for H1 2025, respectively, due to weaker performance in the hospitality business segment.
The group said its hospitality business was impacted by the ongoing refurbishment works at its owned hotel in Australia. Surrounding construction works also affected the Group’s leased and managed property, Orchard Rendezvous Hotel, in Singapore.
In addition, a cybersecurity incident affecting Toga Far East Hotels and the Adina Europe joint venture in March 2025 had impacted operations.