The strong showing in financial performance was driven by the recognition of sales proceeds from the residential development project, North Gaia.
However, revenue growth was partially offset by lower sales of remaining units in a completed industrial building and a decrease in rental income from an investment property.
With the improvement in financial performance, Sing Holdings has proposed a final dividend of 1 cent per share and a special dividend of 4 cents per share.
On top of that, the company has recommended a 1-for-4 bonus issue to reward shareholders.
See also: Riverstone Holdings reports lower earnings of RM41.1 mil for 1QFY2026, down 27.1% y-o-y
Both the dividend payout and bonus issue are subjected to shareholder approval at the upcoming annual general meeting.
“We are delighted to share our success with our loyal shareholders through a special dividend and a bonus issue, to express our appreciation for their unwavering support,” says Lee Sze Hao, Sing Holdings’ CEO.
Looking ahead, with construction slated to begin in the second half of 2026, the company will focus its efforts over the next 12 months on the execution and launch preparation for the Chuan Grove development.
Sing Holdings shares closed at 67.5 cents on Feb 24, unchanged for the day and up 87.5% for the past one year.
