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    Home»Meditation»Boustead – Second half results are in. The group’s net profit was S$232.6 million, up 145% year-on-year, mainly due to the sale of the group’s assets to UI Boustead REIT, as well as material improvements. Special dividend of 4.5 cents, final dividend of 4 cents. XD 7th August
    Meditation

    Boustead – Second half results are in. The group’s net profit was S$232.6 million, up 145% year-on-year, mainly due to the sale of the group’s assets to UI Boustead REIT, as well as material improvements. Special dividend of 4.5 cents, final dividend of 4 cents. XD 7th August

    adminBy adminMay 26, 2026Updated:May 26, 2026No Comments1 Min Read0 Views
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    Special dividend of 4.5 cents, final dividend of 4 cents. XD 7th August. Highlights for 2026: • Group net profit was up 145% year-on-year to S$232.6 million, mainly due to the sale of group assets to UI Boustead REIT as well as a material improvement in the loss sharing of associates and joint ventures (on the reversal of a S$7.0 million liability related to a fee charged by a landowner). For the sake of comparison, after adjusting for other profit/loss and impairment, taking into account all non-controlling interests, net profit for FY2026 would have been 35% lower year-on-year. • Total revenue was S$624.4 million, up 18% year-on-year, mainly due to significantly higher revenue from the Real Estate Solutions Division and higher revenue from the Energy Engineering Division. • The Group’s engineering order backlog currently stands at approximately S$840 million (remaining unrecognized project revenue at end-FY2026 and the aggregate value of new orders received since then), of which under S$94 million

    …

    7th assets August Boustead cents Dividend due Final groups improvements material Million net profit REIT results S232.6 sale special yearonyear
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