According to Singapore Tourism Board (STB), tourists splurged 15 percent more in the first quarter of the year compared to last year, with receipts reaching S$6.4 billion.
BreadTalk net profit climbed, boosted by an increase in other income and reduced expenses. The board recommended an interim dividend of 1 cent per share.
Far East Orchard quarterly profit plunged due to the absence of a one-time gain from sale of units and lower profits from the hospitality assets in Australia.
CapitaLand second-quarter profit jumped, helped by higher revaluation gains from investment properties in Singapore and China, coupled with portfolio gains.