Bonvests Holdings Limited reported audited group earnings results for the year ended December 31, 2015. For the year, the company's revenue was SGD 212.3 million compared with SGD 196.7 million a year ago. Profit before taxation and non-controlling interests was SGD 59.3 million against SGD 44 million last year.

Profit after taxation and non-controlling interests was SGD 48.8 million against SGD 34.2 million last year. This is due mainly to the higher revaluation gain from investment properties, higher contributions from the Industrial and Investment Divisions, partially offset by allowance for impairment of fixed assets for the hotel in Zanzibar, acquisition costs incurred in relation to the purchase of Four Points by Sheraton Perth, higher finance costs, foreign exchange losses and lower contributions from the Hotel and Property-Rental Divisions. Revenue increased by 7.9% due mainly to higher revenue from the Hotel, Industrial and Investment Divisions.

Earnings per basic and diluted share were 12.144 cents against 8.516 cents last year. Profit attributable to owners of the parent was SGD 48.8 million against SGD 34.2 million last year. Net cash generated from operating activities was SGD 33.7 million against SGD 45.2 million last year.

Acquisition of property, plant and equipment was SGD 21.9 million against SGD 24.8 million last year. Acquisition of investment properties was SGD 8.1 million against SGD 0.2 million last year. Purchase of financial assets at fair value through profit or loss was SGD 2.4 million.