“Notwithstanding the impact of Covid-19, we turned in a relatively strong performance in FY2020. Our on-going digital transformation across our business continues to provide us with greater flexibility in today’s differentiated work environment,” says Jack Chua, the company’s executive chairman and CEO.
APAC Realty, which owns the ERA property agency here, has reported earnings of $16.3 million for the financial year ended Dec 31 2020, up 17.8% over the preceding FY2019. Revenue in the same period was $395.1 million, up 6.9% y-o-y.
The company plans to pay a final dividend of 1.75 cents per share, which will be on top of the interim dividend of 0.75 cents already paid. The total FY2020 dividend of 2.5 cents represents a payout ratio of 54.3%.
