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Wing Tai doubles dividend despite profit dive

Proposed full-year payout, which includes a special dividend, follows S$411m sale of half stake in Nouvel 18

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Despite posting a big drop in fourth-quarter and full-year net profit, Wing Tai Holdings has proposed to double dividend payout to shareholders to six Singapore cents for the year ended June 30.

Singapore

DESPITE posting a big drop in fourth-quarter and full-year net profit, Wing Tai Holdings has proposed to double dividend payout to shareholders to six Singapore cents for the year ended June 30.

The payout, which includes a special dividend of three cents per share, is on

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