Bukit Sembawang : Cooling measures hit Q4
earnings
Despite revenue rising 94.5% to $89.5mil, Bukit Sembawang
reported a 29.1% decline in net profit to $18.2mil for the three
months ended March 31, 2014. This translates to EPS of 7.04 cents.
It has recommended a final dividend of four cents per share and a
special dividend of 12 cents per share for FY2014, payable on Aug
15. "The cumulative effects of the Singapore government's property
cooling measures and implementation of the Total Debt Servicing
Ratio rules for housing loans have dampened the demand and the
pricing of private residential properties," it said. "The market
conditions for landed and high‐end residential property remain
challenging and this will adversely affect the group's sales
performance in the current year."
Source :
http://iinvestiearnipost.blogspot.com/2014/06/bukit-sembawang-coolingmeasureshitq4ear.html