Wanguo Company s net profit rose 61% in the last fiscal year and paid a special dividend of 16 cents per share

The Group's revenue in the second half of the year was dragged down by the decline in real estate development business revenue, and fell 24% year-on-year to 225.94 million yuan. The Atelier, a private housing project undertaken by the group, has been recorded in the first half of the year, but it did not have this income in the second half of the year and showed that it performed relatively poorly.

Bukit Sembawang's revenue accounts for multiple real estate projects have driven the net profit after tax in the second half of the fiscal year to 51.37 million yuan year-on-year. The company announced a year-end dividend of 4 cents per share and a special dividend of 16 cents.

In terms of annual performance, after-tax net profit rose by 61% to 114.29 million yuan; revenue fell slightly by 2% to 549.96 million yuan.

Wanguo fell 0.25% on Monday to close at 3.92 yuan.

Earnings per share was 19.84 points, up from 17.62 points in the same period last year; the net asset value reached 6.15 yuan, due to 5.87 yuan in the same period last year.

According to the second and full-year results of the 2024/2025 fiscal year after the market closed on Monday (May 26), net profit increased in the six-year period to the end of March, mainly because of higher profits in the real estate business. These real estate projects are Pollen Collection, LIV＠MB and Fraser Residence Orchard.

The profit performance of the hotel business was not ideal because of the real estate losses, factory and equipment deductions related to Orchard Fraser Service Apartments affected profits.