Sunday, September 7, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Leadership

Stamford Land H2 profit falls 14.2% to S$17.6 million on lower contributions from property development segment

by Yurie Miyazawa
in Leadership
Stamford Land H2 profit falls 14.2% to S.6 million on lower contributions from property development segment
Share on FacebookShare on Twitter


[SINGAPORE] Property company Stamford Land reported a 14.2 per cent fall in net profit to S$17.6 million for its second half ended March, from S$20.6 million in the year-ago period.

Earnings per share (EPS) stood at S$0.0119, down from S$0.0138.

This came amid a 6.5 per cent decline in revenue, which came in at S$78.3 million as compared to S$83.8 million previously.

The declines were driven by lower revenue in its property development segment, which recorded S$4.6 million less in contributions for H2 compared to the year-ago period, the group said on Friday (May 30).

The hotel owning and management segment faced S$516,000 lower revenue for the half-year while the property investment segment recorded S$204,000 lower revenue.

A final dividend per share of S$0.005 was proposed, unchanged from the year-ago period, with the date payable and book closure date to be announced at a later date.

BT in your inbox

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

For the full year, its net profit stood at S$32.8 million, an increase from S$5.9 million it recorded in the year-ago period. EPS was S$0.0221 versus S$0.004 in the year prior.

Revenue for the year was largely stable, falling by 5.5 per cent to S$148.4 million, from S$157 million previously.

Lower full-year revenue came amid a S$6.4 million or 89.4 per cent decline in revenue from the property development segment, as the group settled one unit during the fiscal year, down from 10 units a year prior.

The hotel owning and management segment’s revenue dipped marginally by 1.7 per cent or S$2.1 million. This was primarily due to lower room rates in the group’s hotels, caused by softer market conditions, including the depreciation of the Australian dollar against the Singapore dollar. The segment also faced higher operation costs on increased property taxes, alongside staff, energy and other direct costs.

The property investment’s revenue was largely stable, rising slightly by 0.1 per cent due to the appreciation of the sterling pound against the Singapore dollar.

In terms of outlook, the group noted that the hotel business faces “formidable competition” amid global trade uncertainty and trade war tariffs, alongside a tight labour market and rising operational and manpower costs.

The counter ended Friday flat at S$0.375 before the announcement.

Tags: ContributionsdevelopmentFallsLandMillionProfitPropertyS17.6segmentStamford
Yurie Miyazawa

Yurie Miyazawa

Next Post
Samsung nears wide-ranging deal with Perplexity for AI features

Samsung nears wide-ranging deal with Perplexity for AI features

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In