Financial Highlights REVENUE (S$’M) FY2024 revenue was lower by 42.3% mainly due to the higher revenue recorded from the sales of Eden Residences Capitol in FY2023. 2024 2023 200.9 2020 111.2 2021 119.9 2022 161.3 115.9 EARNINGS BEFORE INTEREST AND TAX (“EBIT”) (S$’M) FY2024 EBIT decreased by 25.4% mainly due to lower contribution from the sales of Eden Residences Capitol, and the higher management fee recognised in FY2023 due to once off events in certain projects. PROFIT AFTER TAX AND MINORITY INTEREST (“PATMI”) (S$’M) PATMI decreased by S$18.3m in FY2024 due to lower contribution from the sales of Eden Residences Capitol. These were offset by higher fair value gains from various assets in FY2024. TOTAL ASSETS (S$’B) FY2024 total assets increased by S$185.9m or 2.3%, mainly due to fair value gain recognised for various assets and recognition of right-of-use assets for new leases during the year, offset by lower translation of asset value due to depreciation of RMB. ORDINARY DIVIDEND PER SHARE (CENTS) Proposed dividend of 0.3 cents per share for FY2024. DEBT EQUITY RATIO (NET OF CASH) (TIMES) Net gearing (Debt-to-Equity ratio) improved to 0.71x due to repayment of bank facilities offset by increase of drawdown to finance project development. EARNINGS PER SHARE (“EPS”) (CENTS) FY2024 EPS decreased by 1.1 cents to 0.65 cents due to lower PATMI. NET ASSET VALUE (“NAV”) PER SHARE (S$) NAV per share increased 16.8% to S$1.81 in FY2024, recognition of non-reciprocal capital contribution from immediate holding company resulting from reclassification of loan. 2023 2024 250.8 187.1 2020 111.7 2021 135.5 2022 138.5 2023 2024 29.1 10.8 2020 19.0 2021 5.9 2022 9.1 2023 2024 8.3 8.4 2020 7.8 2021 8.5 2022 8.2 1.55 1.81 1.71 1.82 1.58 2023 2024 0.74 0.71 2020 0.66 2021 0.70 2022 0.82 1.75 0.65 1.15 0.36 2023 2024 2020 2021 2022 0.55 2023 2024 0.5 0.3 2020 0.4 2021 0.1 2022 0.2 2023 2024 2020 2021 2022 34 PERENNIAL HOLDINGS PRIVATE LIMITED
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