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Stamford Land FY2024 earnings shrink 96.1% y-o-y on absence of divestment gains

Jovi Ho
Jovi Ho • 2 min read
Stamford Land FY2024 earnings shrink 96.1% y-o-y on absence of divestment gains
Stamford Land has posted earnings of $5.9 million for FY2024 ended March 31, down 96.1% y-o-y. Photo: Stamford Land
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Stamford Land has posted earnings of $5.9 million for FY2024 ended March 31, down 96.1% y-o-y. 

During the financial year, the company acquired assets amounting to $6 million, down from $6.8 million the year prior. Over FY2024, Stamford Land (SGX:H07) disposed of no assets, compared to some $98.3 million of assets in FY2023. 

This resulted in no gains on disposal of property, plant and equipment, down from a $218.6 million gain this time last year. 

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