Bonvests Holdings Limited Proposes First and Final 1-Tier Tax Exempt Cash Dividend for the Year Ended December 31, 2014, Payable on May 20, 2015; Announces Unaudited Consolidated Earnings Results for the Year Ended December 31, 2014
The company announced unaudited consolidated earnings results for the year ended December 31, 2014. For the period, the company reported revenue of SGD 196,711,000 compared to SGD 183,965,000 a year ago. Increase in revenue was due mainly to higher revenue from the Hotel, Industrial and Property - Rental Divisions. Profit from operations was SGD 46,221,000 compared to SGD 65,447,000 a year ago. Profit before taxation was SGD 43,965,000 compared to SGD 63,315,000 a year ago. This was due mainly to lower revaluation gain on investment properties, foreign exchange losses and lower contributions from the Investment Division, partially offset by higher contributions from the Hotel, Industrial and Property- Rental Division. Profit attributable to equity holders of the company was SGD 34,249,000 or 8.516 cents per basic and diluted share compared to SGD 56,228,000 or 13.981 cents per basic and diluted share a year ago. Net cash generated from operating activities was SGD 45,186,000 compared to SGD 36,980,000 a year ago. Purchase of property, plant and equipment was SGD 24,162,000 compared to SGD 14,034,000 a year ago.