HOSPITALITY
Minor's profit gains on rise of 80% in hotel operations
- Published: 23 Feb 2013 at 00.00
- Newspaper section: Business
Minor International (MINT) reported a jump of 151% in its fourth-quarter net profit to 1.18 billion baht.
For the full year, Minor posted net profit growth of 78% to 3.4 billion baht excluding an extraordinary gain on the reclassification of an investment in the S&P 500, netted off with a one-time goodwill impairment for investment in China in 2011.
Including the one-time items in 2011, net profit increased by 18% in 2012.
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