Strong balance sheet and final dividend of 0.7c ( total dividend of 1.5c for FY17 ). About 4% yield at last done price. Focusing on recurring income would mean dividend would be more stable in future. Swee!
In tandem with higher revenue contribution and stronger operating performance from its
Indonesia division and an exceptional gain from the divestment of Orchard Towers, the
Group’s PATMI surged 412.5% to S$238.2 million in 4Q 2017 and jumped 209.8% to S$356.0
million in FY 2017.
The Group’s balance sheet continues to remain strong as at 31 December 2017. The Group’s
total assets increased by S$482.9 million to S$6,562.8 million due to the acquisition
investment properties, namely 33 Horseferry Road in Central London and Sinarmas MSIG
Tower in CBD Jakarta, while cash and cash equivalents stands at S$930.3 million with a net
debt to equity ratio of 14.6%. Total borrowings increased by S$166.0 million to S$1,525.0
million mainly due to debt incurred on the acquisition of investment properties and
borrowings for capital expenditures. Only approximately 13.6% of the total borrowings or
S$208.1 million are repayable within one year.
As a result of the stellar performance for FY2017, SML is proposing a special final dividend of
0.7 Singapore cents per share, in addition to the interim dividend of 0.8 Singapore cents per
share which was paid in December 2017.
Congratulations!
Reply to @TUBInvesting : Thks just above water now. Hopefully will continue to trend up.
Strong balance sheet and final dividend of 0.7c ( total dividend of 1.5c for FY17 ). About 4% yield at last done price. Focusing on recurring income would mean dividend would be more stable in future. Swee!
In tandem with higher revenue contribution and stronger operating performance from its
Indonesia division and an exceptional gain from the divestment of Orchard Towers, the
Group’s PATMI surged 412.5% to S$238.2 million in 4Q 2017 and jumped 209.8% to S$356.0
million in FY 2017.
The Group’s balance sheet continues to remain strong as at 31 December 2017. The Group’s
total assets increased by S$482.9 million to S$6,562.8 million due to the acquisition
investment properties, namely 33 Horseferry Road in Central London and Sinarmas MSIG
Tower in CBD Jakarta, while cash and cash equivalents stands at S$930.3 million with a net
debt to equity ratio of 14.6%. Total borrowings increased by S$166.0 million to S$1,525.0
million mainly due to debt incurred on the acquisition of investment properties and
borrowings for capital expenditures. Only approximately 13.6% of the total borrowings or
S$208.1 million are repayable within one year.
As a result of the stellar performance for FY2017, SML is proposing a special final dividend of
0.7 Singapore cents per share, in addition to the interim dividend of 0.8 Singapore cents per
share which was paid in December 2017.