Bukit Sembawang : Cooling measures hit Q4 earnings
Despite revenue rising 94.5% to $89.5mil, Bukit Sembawang reported a 29.1% decline in net proï¬�t to $18.2mil for the three months ended March 31, 2014. This translates to EPS of 7.04 cents. It has recommended a ï¬�nal dividend of four cents per share and a special dividend of 12 cents per share for FY2014, payable on Aug 15. "The cumulative eï¬€ects 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 highâ€�end residential property remain challenging and this will adversely aï¬€ect the group's sales performance in the current year."