SEVERAL property-related groups posted strong results for the half year ended June. City Developments Limited : C09 0% (CDL) achieved a record net profit of S$1.1 billion for H1 2022, reversing a net loss for H1 2021. CDL is paying a special interim dividend of S$0.12 per ordinary share.

The Straits Trading Company : S20 0% posted a 449 per cent year-on-year rise in H1 net profit to S$673 million. In the wake of its strong H1 results, the group declared a special dividend, distributing either ESR shares or Straits Trading shares to entitled shareholders.

UOL Group : U14 0% and its subsidiary Singapore Land Group : U06 0% (SingLand) saw year-on-year net profit rise 306 per cent to S$371 million and 290 per cent to S$360 million respectively. But both groups did not declare an interim dividend, which is in line with their practice of not declaring interim dividends.