Sinarmas Land posted a net loss of $7.8 million, or 0.23 cents per share, for the 4Q ended Dec, compared with a net profit of $99.78 million a year ago.
This was despite revenue growing 32.8% to $247.22 million from a year ago.
The negative bottomline came on the back of higher finance costs and substantial foreign exchange losses.
As at Dec 31, Sinarmas Land’s net asset value per share fell to 41 cents from 56 cents at Dec 31, 2014.
Sinarmas Land has declared a first and final dividend to 0.19 cent per share, from 0.5 cent the previous year.
At 9.06am, shares of Sinarmas Land are trading 1.25% lower at 39.5 cents.
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This was despite revenue growing 32.8% to $247.22 million from a year ago.
The negative bottomline came on the back of higher finance costs and substantial foreign exchange losses.
As at Dec 31, Sinarmas Land’s net asset value per share fell to 41 cents from 56 cents at Dec 31, 2014.
Sinarmas Land has declared a first and final dividend to 0.19 cent per share, from 0.5 cent the previous year.
At 9.06am, shares of Sinarmas Land are trading 1.25% lower at 39.5 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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