IPC quadruples 2013 net profit to $18.2m
IT services provider turned property developer IPC Corporation almost quadrupled its full-year 2013 net profit to $18.2 million from $4.8 million a year ago as sales from its business hotels and condominium projects in Japan surged.
Earnings per share for the 12 months ended Dec 31, 2013, was at 2.14 cents, compared with 0.66 cent in FY2012. Revenue more than doubled to $46.9 million from $17.1 million a year ago.
It has declared a first and final dividend of 0.25 cent per share, and a special dividend of 0.1 cent per share.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Gold holds steady as investors focus on US Fed meeting
Singapore shares open in the red on Tuesday; STI down 0.3%
Huawei’s pivotal role in the US-China tech war, from 5G to chips
CDL Hospitality Trusts reports 6.8% higher Q1 net property income of S$34.9 million
Starhill Global Reit posts 0.9% lower Q3 net property income of S$37.7 million
Binance and CZ’s fortunes are set to grow, jail or no jail