Revenue: $143.1 million in FY2024, a 5% increase from FY2023. Profit (PATMI): $18.2 million, up by 16% from FY2023. Gross Profit Margin: 41.2%, indicating increased operational efficiency. Dividend Per Share: 1.5 cents, a 50% increase from FY2023. Cash Position: $81.1 million, up 7% from FY2023.
Dividend Growth: A 50% increase in dividend payouts reflects the company’s confidence in its cash flow and profitability. Share Buyback Mandate: The proposed renewal of the share purchase mandate allows TWC to buy back shares, which could support the share price by reducing market volatility and increasing shareholder value.
BBQM Tiong Woon proposed a record-high dividend for FY24. The total dividend is set at 1.5 Singapore cents per share, representing a 50% yoy increase from the FY23 dividend of 1 Singapore cent per share.
