Hong Fok's (SGX:H30) attributable profit to owners declined during the second half of 2024 to SG$20.1 million from SG$81.2 million a year earlier, according to a filing with the Singapore Exchange on Friday.
Earnings per share slumped to SG$0.0313 compared with SG$0.1266 in the comparable period.
Revenue declined to SG$59.7 million from SG$59.8 million a year earlier, mainly due to a decrease in revenue from the sale of residential units in Concourse Skyline.
The company recommended a first and final dividend of SG$0.01 per share for the period.
Shares of the property developer were down over 4% in recent trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.