pstrongWith net profit contraction, the company proposed a lower EPS of 0.40 cents./strong/p pStamford Land's net profit attributable to its owners dwindled to $5.95m in FY24, sinking by 96.1% YoY./p pThe company's net profit declined despite a 3.4% YoY higher revenue of $156.99m.
Stamford Land's net profit attributable to its owners dwindled to $5.95m in FY24, sinking by 96.1% YoY.With the contraction in its net profit, the company proposed a 96.1% YoY lower basic earnings per share to 0.40 cents.
In the next 12 months, the company expects its hotel segment to be affected by competition, rising operating and manpower costs, and a tight labour market. Revenue for its hotel owning and management in FY24 was 1.3% YoY higher at $124.4m, but largely due to the resumption of operations in November 2022 of the Stamford Plaza Brisbane.In FY24, the company acquired assets amounting to $5.997m....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
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