CDL, which turns 60 this year, plans to mark its diamond jubilee in style by paying a final dividend of 8 cents per share, plus a special dividend of another 8 cents. With an interim special dividend of 12 cents already paid in September 2022, this brings the total cash dividend for FY2022 to 28 cents. In contrast, CDL paid a cash dividend of 12 cents for FY2021 and 20.2 cents worth from the distribution-in-specie of CDL Hospitality Trust (CDLHT) units.
City Developments Limited (CDL) has reported earnings of $165.8 million for 2HFY2022, up 42% y-o-y, on the back of a 27% improvement in revenue to $1.82 billion.
For the full year, the property and hospitality company posted all-time-high earnings of $1.29 billion, thanks to an operational recovery from the pandemic and a slew of divestment gains. For FY2021, it recorded earnings of just $84.7 million. Revenue for FY2022 was $3.29 billion, up 25.4%.
