Post Reply
1-7 of 7
Global Investments reports 196.5% y-o-y increase in earnings of $25.5 mil for FY2024
Global Investments has reported earnings of $25.5 million for the FY2024 ended Dec 31, 2024, up 196.5% y-o-y from the $8.6 million reported in the same period a year ago.
The group&rsquo s earnings per share for the FY2024 came in at 1.57 cents per share, up 185.4% y-o-y from 0.55 cents per share from FY2023.
The group&rsquo s 2HFY2024 earnings came in 79.7% y-o-y higher at $12.4 million up from the $6.9 million reported in 2HFY2023.
For FY2024, the company reported a total income of $29.7 million, up 132% y-o-y. This was largely attributable to the fair value gain on financial assets at fair value through profit or loss (FVTPL) of $15.9 million compared to a fair value gain of $1.1 million last year.
Global Investments has reported a slightly higher dividend income of $2.9 million as compared to $2.4 million last year.
Meanwhile, interest income remains at $10.8 million for FY2024, and a net foreign exchange gain of $0.2 million as compared to a net foreign exchange loss of $1.5 million last year.
The company recorded a return on equity of 9.6% in 2024 compared to 3.3% in 2023.
Global Investments has recommended a payout of 0.40 cents per share and the scrip dividend scheme will be applied to it.
Thanks for the guidance. Apparently, there was recognition of the fall in market prices of shares and bonds but still unclear how these can lead to negative revenue.
Or the negative revenue is due to the change in accounting standards?
If there is negative revenue, curious how this has not affected the share price.
Also concerned that within a year, China bonds as a percentage of AUM has increased from zero to 18%. China story is good but does it really translate to dividends for us?
Or the negative revenue is due to the change in accounting standards?
If there is negative revenue, curious how this has not affected the share price.
Also concerned that within a year, China bonds as a percentage of AUM has increased from zero to 18%. China story is good but does it really translate to dividends for us?
brchkho1 ( Date: 31-May-2018 11:51) Posted:
|
It' s announced in the 3rd page of announcement in SGX website on 10.5.18. You may also wish to note another announcement dated 14.5 on the BBRNA Litigation issue.
ShareChat ( Date: 30-May-2018 12:46) Posted:
|
Last quarter results show negative revenue. Anyone knows what' s happening?
yes 1 of the best counter so farmichaelmok ( Date: 04-May-2018 10:23) Posted:
|
Can't agree more bro:) I've invested in this company for 2-3 years, capital gain aside, I'm enjoying the dividend each year and changes my wife traditional concept of FD...
This is an investment company in equity, bonds and other financial instruments. Well managed by experienced and knowledgeable fund managers. It returrns ayield og 8% + per annual and has an option to convert cash dividends to scrips. In other words it may only take 9 years to double one' s investment in it. Check it out.