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.