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Bangkok Post

Business

Tourism recovery boosts MINT revenue

Mr Chaiyapat said the company saw a significant recovery in its tourism-related businesses in the first half of 2022, with a 66% year-over-year increase in core revenue in the first quarter.

Minor International (MINT) expects revenue from its core accommodation, food and lifestyle businesses to drive profitability in the second half of the year as the recovering tourism industry boosts demand for hospitality services.

The company is also planning to issue new subordinated debentures worth 10 billion baht to replace MINT18PA, the company's currently active debentures worth 15 billion baht, which will be redeemed one year earlier than scheduled on Aug 31 to give investors a full refund of their investments.

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