http://www.businesstimes.com.sg/sub/...27630,00.html?
February 24, 2011, 6.49 pm (Singapore time)
Allgreen's FY2010 net profit jumps 78.6%
By ANGELA TAN
Allgreen Properties Limited reported on Thursday that its net profit for the full year ended Dec 31, 2010 jumped 78.6 per cent from a year ago to S$290.65 million.
Revenue grew 42.37 per cent to S$883.82 million, thanks to a growth in all segements.
The property group is proposing a first and final dividend of five cents a share, up from four cents a share a year ago.
On the government's recent measures to cool the property market, Allgreen said: 'Whilst the longer term impact of the January 2011 measures remains to be seen, what is clear is that the number of transactions for 1Q 2011 will likely drop. However, given that there is still geniune demand for housing, current prices may well hold.'
The company did not provide a breakdown of its fourth quarter performance.
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