Developer Oxley Holdings has posted a 70 per cent jump in fourth-quarter net profit to $16.6 million. Revenue for the three months to June 30 was up 134 per cent at $193.8 million, mainly driven by revenue recognition from progress made in the construction of seven mixed-residential projects, including Oxley Edge, The Promenade@Pelikat and NEWest.
Other income rose by $990,000, mainly due to the increase in rental income of $800,000.
Earnings per share firmed to 0.56 cent from 0.33 cent previously, while net asset value per share soared by 2.04 cents to 15.96 cents.
A final dividend of 0.41 cent a share was proposed, up from 0.18 cent last year.
Noel Gifts International
Noel Gifts International said its full-year earnings jumped by 84.6 per cent to $2.9 million. Revenue for the 12 months ended June 30 rose by 6.6 per cent to $29.5 million, largely because of revenue from the SG50 Baby Jubilee Gift project.
Other operating income rose by $1.6 million, mainly because of a one-off gain of $2.4 million recognised on the disposal of shares in its associate at the company level. This was reduced by $800,000 at the group level due to equity accounting of the associate up to the date of disposal.
Earnings per share swelled to 2.84 cents from 1.54 cents previously while net asset value per share increased by 1.36 cents to 33.6 cents.
Looking ahead, Noel Gifts said its order book is good. Barring unforeseen circumstances, the group expects to remain profitable.
The board is recommending total dividend payout of three cents a share, double the 1.5 cents paid out last year.
Chosen Holdings has reported a 14.7 per cent rise in full-year net profit to $3.9 million. This was despite revenue for the year ended June 30 easing 0.5 per cent to $117.2 million. Higher revenues in Singapore and Malaysia were offset by lower revenues in Thailand and China.
Gross margin improved from 7.3 per cent to 8.1 per cent, mainly because of the sale of higher value-added products by the Singapore and Malaysia operations.
Earnings per share climbed to 1.37 cents from 1.18 cents, while net asset value per share firmed to 23.77 cents, from 23.11 cents last year.
The board proposed a final dividend of 0.83 cent a share, up from 0.72 cent last year.