TA Corporation strengthens core business, boosts FY2012 profit to record S$47.6m

33% profit jump topped a fantastic year.

In a release, TA Corporation announced that it set a record net profit in FY 2012 on the back of a 30.4% jump in revenue to S$371.1 million, as the Group continues to record strong contributions from its core real estate and construction business segments. Gross profit for FY2012 rose to S$80.2 million, a 38.3% increase from S$58.0 million a year ago.

Gross profit margin rose 1.2 percentage points to 21.6% for FY2012, from 20.4% in FY2011.

Commenting on the Group’s performance, Mr Neo Tiam Boon, the Chief Executive Officer and Executive Director of TA Corporation, said, “We are pleased to turn in a strong performance amidst challenges in the macro and operating environment. Our growth in profitability in FY2012 continues to underline the strength of our core businesses and the success of our business strategies.

“In appreciation to our valued shareholders for their invaluable support, the Board is pleased to recommend a first and final dividend of 1.3 Singapore cents, representing a payout ratio of approximately 15% of the Group’s profit attributable to shareholders for FY2012. While we have yet to formalise a dividend policy, the Board will continue to evaluate the Group’s capital requirements and explore options to reward shareholders.”

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