This is the group’s first dividend payout since 2014, according to Toh Choo Huat, executive chairman and CEO of Ley Choon.
Ley Choon Group has reported a net profit of $10.9 million for the FY2024 ended March 31, 2024, a 18.1% y-o-y increase from the same period a year before.
Following this, the group has announced a final dividend of 0.27 cents for FY2024. Based on its closing price of 5.9 cents as of May 24, it offers an implied dividend yield of 4.6%.
