Challenger proposes final dividend of 1.42 cents

SINGAPORE'S largest IT products and services provider, Challenger Technologies, yesterday proposed a final tax-exempt dividend of 1.42 cents per ordinary share in fiscal 2013 which ended on Dec 31.

This comes on the back of an interim dividend of 1.10 cents paid by the company in the second quarter of last year, taking the total dividend to 2.52 cents per ordinary share. This translates to 50.8 per cent of the net profit attributable to shareholders.

The dividend announcement comes on the back of a full-year net profit of $17.3 million, up 6 per cent from $16.4 million one year ago. Revenue was up 14 per cent to $385.4 million during the fiscal year.