The Ascott Group has reported an 8 percent increase in full-year earnings, in line with market forecasts. Net profit came in at S$177.3 million. The jump was due to an increase in rental rates as well as higher portfolio gains from asset divestment and revaluation. The owner-cum-operator of serviced residences said it is looking to further grow its portfolio in the next two years. The Ascott Group now...
