From the financial year commencing 1 April 2024 (FY2024/25), the Board will adopt a dividend policy of paying out between 30% and 50% of the Group’s underlying net profit. The Board believes this is a balanced policy taking into consideration the capital needs of the enterprise and sustainable returns to shareholders.

The Company will continue to declare interim and final dividends following the end of the first half and full financial year results.

Latest Dividend

The Board is recommending a final exempt (one-tier) dividend of 0.56 cents per ordinary share amounting to S$12.6 million for the financial year ended 31 March 2024. Including the interim dividend of 0.18 cents per share paid out in November 2023, total dividend would amount to 0.74 cents per share, or approximately 40% of the underlying net profit. The proposed final dividend is subject to the approval of shareholders at the 32nd Annual General Meeting to be duly convened.