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Roxy-Pacific: Achieves FY2017 Net Profit Of S$29.4 Million, To Launch 6 Projects In FY2018.

13 Feb 2018 17:37

Six projects comprising a total of 440 units, including The Navian launched in January 2018, to be launched for sale in FY2018. Successful divestment of office building 59 Goulburn Street in Sydney for A$158.0 million. Completed the purchase of five residential development sites in Singapore, two office buildings in Auckland, New Zealand, and one hotel in Osaka, Japan. Total attributable pre-sale revenue of S$459.4 million to be progressively recognised from 1Q2018 to FY2020. Good headroom with cash and cash equivalents of S$234.4 million and low gearing at 0.55 time notwithstanding the above acquisitions. Proposes final cash dividend of 0.771 Singapore cent per share, bringing total FY2017 distributions to 0.985 Singapore cent per share...

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Source: ShareInvestor Express