Financial Statements

Travel revival and 5G adoption boosted the telco firm’s earnings.

Overseas operations and a rise in ridership will drive the transport business.

In Q122, the company recorded a profit of $76.1m.

The REIT attributed the increase to the resilient performance of its existing properties.

Despite the net profit decline, the company proposed a higher interim dividend of $0.01.

The company attributed the increase to growth across all its segments.

By geographical area, the company recorded its highest revenue in Singapore.

Despite the decline, the company proposed a final dividend of $0.55.

Its revenue also grew due to Hilton Singapore Orchard's contributions.

The underlying profit fell to $39m (US$29m) in fiscal year 2022.

The company attributed the decline in low-cycle production.

The record sales propelled its underlying net profit to US$334.2m.

Given the increase, the board proposed a 39% YoY higher dividend per share.

Recorded net profit was at $57.3m in the final quarter of 2022.

The firm’s downstream and upstream businesses helped in the growth.

Its EBITDA improved to $12m in the second half of 2022.