Bukit Sembawang : Cooling measures hit Q4 earnings
Despite revenue rising 94.5% to $89.5mil, Bukit Sembawang reported a 29.1% decline in net pro�t to $18.2mil for the three months ended March 31, 2014. This translates to EPS of 7.04 cents. It has recommended a �nal dividend of four cents per share and a special dividend of 12 cents per share for FY2014, payable on Aug 15. "The cumulative effects of the Singapore government's property cooling measures and implementation of the Total Debt Servicing Ratio rules for housing loans have dampened the demand and the pricing of private residential properties," it said. "The market conditions for landed and high�end residential property remain challenging and this will adversely affect the group's sales performance in the current year."
Source :
http://iinvestiearnipost.blogspot.com/2014/06/bukit-sembawang-coolingmeasureshitq4ear.html