Stamford Land’s FY2025 net profit skyrockets 451% YoY
Earnings per share stood at $0.0221.
Stamford Land recorded a 451% year-on-year (YoY) surge in net profit to $32.8m in FY2025 from $5.9m a year ago.
Earnings per share stood at $0.0221.
Meanwhile, revenue for the period fell 5.5% YoY to $148.4m from $157m in FY2024.
In a bourse filing, the company said the lower revenue was mainly due to lower hotel room rates caused by a softer market, as well as the depreciating Australian dollar against the Singapore dollar in H2.
The board recommended a one-tier tax-exempt final dividend of $0.005 per share.