GuocoLand H2 net profit down 70% at S$9.8 million
The board has proposed a dividend of S$0.08 per share, to be paid on Nov 18
GuocoLand, a prominent property developer in Singapore, reported a significant 70% drop in net profit for the second half of 2026, down to S$9.8 million from S$32.4 million in the same period last year. The decline was primarily attributed to an allowance for projected losses in their China development properties. Despite this, the company's board proposed a dividend of S$0.08 per share, marking a slight increase from the previous year's S$0.07.
CEO Cheng Hsing Yao acknowledged the company's decision to reassess its China residential portfolio, expressing confidence in the potential for future growth opportunities across other markets.
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