Nonetheless, to mark its 25th anniversary, PropNex plans to pay a special dividend of 2.5 cents per share, on top of a final dividend of 3 cents. This will bring its total dividend payout for FY2024 to a record of 7.75 cents, representing a payout ratio of 140.1% and a yield of 8.2%.
Singapore's largest real estate agency PropNex has reported earnings of $21.9 million for its 2HFY2024 ended Dec 31, 2024, down 14.9% y-o-y. This brings its full-year earnings to $40.9 million, 14.4% lower compared to the preceding FY2023.
Revenue dipped 6.6% in FY2024 over FY2023, due to the "relatively subdued property market".
