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Crescendo - Special dividend! Record high earnings in FY2025? EPS of RM1? More special dividends?

Publish date: Mon, 01 Apr 2024, 11:09 PM

Crescendo (stock code: 6718) declared a special dividend as earnings surged to a seven-year high on the back of rising home sales and high margin industrial land disposal.

Crescendo is planning to pay an interim dividend of 5 sen per share and another 13 sen as special dividend. Net profit more than doubled to RM57.06 million in the 12 months ended Jan 31, 2024 (FY2024) while revenue surged 58% to RM341.35 million.


In FY2025, Crescendo plans to launch properties with total GDV of RM1.2 billion. This total GDV is the record high in the company history.

Group's Prospect

Crescendo is confident it will perform well in FY2025 as land sales of RM545 million in NCIP will result in an estimated net gain of RM310 million. What is the EPS when earnings is RM310 million? 

Received total consideration of RM315.16 million on 21 February, which will only be reflected in 1Q FY2025 results.


Will there be more special dividends? 

"The directors will consider payment of SOME special dividends." Some special dividends.


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already pay for this year, next year still will pay?

1 month ago

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