GSH back in black with a net profit of S$37.8m in Q4
AN increase in sales from its Eaton Residences project in Kuala Lumpur and higher room occupancy and average room rates at two of its hotels in Kota Kinabalu gave a lift to results of GSH Corporation (GSH) in its fourth quarter.
As a result, for the three months ended Dec 31, revenue more than doubled to S$37.8 million from the year-ago period.
Net profit was S$15.2 million, a reversal from a net loss of S$3.3 million in the preceding year, the property developer said in a Singapore Exchange filing on Friday evening.
Earnings per share for the quarter came in at 0.774 Singapore cents, a reversal from a loss per share of 0.17 Singapore cents in the preceding year.
For the full year, GSH reported a net profit of S$91.0 million, a reversal from a net loss of S$3.6 million in the preceding year. Moreover, revenue went up 26.6 per cent to S$110.3 million from the preceding year.
Net asset value per share increased to 21.44 Singapore cents as at Dec 31, from 17.65 Singapore cents in a year ago.
The company has declared a dividend of 1.25 Singapore cents for the fourth quarter.
GSH shares finished S$0.01 or 2.1 per cent up at S$0.48 on Friday before the announcement.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Anglo American says it received unsolicited buyout proposal from BHP
TSMC says ‘A16’ chipmaking tech to arrive in 2026, setting up showdown with Intel
Meta profits soar but costs of AI cause worry
IBM falls on weak consulting sales, overshadowing HashiCorp deal
Oil settles lower as US business activity cools, concerns over Middle East ease
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost