Eastern Holdings reports 94% plunge in H1 earnings but declares 13-cent dividend
Singapore
MEDIA and property company Eastern Holdings saw its net profit plummet 94.2 per cent for the first half ended Sept 30, 2014, but chose to declare a relatively hefty special dividend of 13 Singapore cents a share for the period.
The generous payout is the result of the company's decision to share the substantial investment gains it made on certain properties in the financial year ended March 31, 2014 - marking the first time Eastern Holdings has declared a dividend for several financial periods.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
Stablecoin issuer Tether invests US$200 million in brain-computer interface company
Yahoo to lay off staff in Singapore as it shifts to content curation
US: Wall St opens higher on megacap strength, Fed verdict awaited
IReit Global occupancy rate grows to 91.5% in Q1
Yen surges against US dollar on suspected intervention