CapitaLand Ascott Trust increases gross profit by 12% through sustained lodging demand and stronger operating performance ...Middle East

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CapitaLand Ascott Trust increases gross profit by 12% through sustained lodging demand and stronger operating performance
CapitaLand Ascott Trust (CLAS) increased its 1H 2024 gross profit by 12% year-on-year (y-o-y) to S$172.9 million. Revenue also rose by 11% y-o-y, reaching S$386.4 million. The increase was mainly on the back of sustained lodging demand and stronger operating performance. On a same store basis, gross profit and revenue increased by 3% and 4% y-o-y respectively.

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