For the financial year ended 31 December 2024, SingLand achieved a net profit attributable to equity holders of $284.2 million, up 5% from $270.8 million the year before.
The Group recorded a 7% increase in revenue to $732.4 million. This was mainly boosted by hotel operations, which rose by 9% to $308.2 million, reflecting the continued growth in Singapore’s hospitality sector. In addition, Pan Pacific Singapore whose performance was impacted by its renovation closure from August 2022 to May 2023, was fully operational this year.
Revenue from investment properties also saw a substantial increase by 11% to $273.7 million, mainly due to the improved performance from its portfolio of commercial properties, particularly Singapore Land Tower.
The Board has recommended a first and final tax exempt (one tier) dividend of 4.5 cents per share.
Read more about our FY2024 results here.