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SLB Development Books Higher Attributable Profit in Fiscal 2021

MT Newswires ·  {{timeTz}}

06:14 AM EDT, 07/30/2021 (MT Newswires) -- SLB Development's (SGX:1J0) profit attributable to owners for the fiscal year ended May 31 increased 23.5% to SG$13.4 million from SG$10.8 million in the year-ago period.

Revenue for the period, however, dropped 8.2% year over year to SG$42.4 million from SG$46.2 million, mainly due to a decrease in revenue recognized from its property Mactaggart Foodlink, according to a Thursday bourse disclosure.

The property developer recommended a final tax-exempt dividend of SG$0.001 per for the fiscal year.

Price (SGD): S$0.13, Change: S$0.13, Percent Change: 0.00%

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